tax penalty

Finance

Can I Get My Tax Fines And Interest Reduced By The IRS?

The Internal Revenue Service (IRS) wants to encourage citizens and businesses to file and pay their taxes on time. In the fiscal year 2020, the IRS assessed more than $14 billion in civil tax fines for individual, estate, and trust tax returns. Fortunately, there are several ways to reduce or waive IRS penalties if you comply. The most common IRS…