Tag Archives | AMerican Taxpayer Relief Act

Tax Form

Tax Refund Amounts Fell During Delayed Tax Season

Tax Refund Amounts Fell During Delayed Tax Season Changes to the tax laws at the beginning of the year resulted in a delayed tax season in which the average tax refund declined slightly, according to a new government report. The report, released Thursday by the Treasury Inspector General for Tax Administration, found that the average […]

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Tax Penalty Forms

IRS Grants Taxpayers Late-Payment Penalty Relief Due to Delayed Forms

Late-Payment Penalty Relief The Internal Revenue Service is giving relief from late-payment tax penalties to individuals and businesses that request a tax-filing extension because they are attaching to their returns any of the forms that couldn’t be filed until after January. The relief applies to the late-payment penalty, normally 0.5 percent per month, charged on […]

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