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IRS PENALTIES
Tax extension deadline today: What missing Oct. 15 could cost you and how to avoid extra penalties- In 2000, Allen Paulson left behind $193 million fortune, unpaid taxes, family inheritance fight led US authorities to pursue his heirs
- In 2007, heirs sold a conservation easement on inherited farmland for $910,000, in 2013, they got a shock from US Tax Court
- Got a high-deductible plan? How to maximize your $4,400 HSA limit and unlock 3 tax advantages in 2026Health savings accounts (HSA), offer three significant tax advantages for qualified expenses related to medical care. Individuals can contr...06 Oct, 2026, 05.50 AM IST
- Expecting a bonus, stock compensation or property sale in 2026? Check your withholding before a surprise tax bill in 2027A bonus, stock compensation or property sale can change your 2026 tax picture. Here’s what taxpayers should know about withholding, estimat...05 Oct, 2026, 11.06 PM IST
- Sell your stocks too soon and you may pay more: How long you hold an asset changes your 2026 Capital Gains Tax, and timing matters hereThe baseline for tax planning in 2026 relies on shifting retirement contribution limits. The IRS adjusted these thresholds, altering the ca...03 Oct, 2026, 07.00 PM IST
- Can you save tax by gifting money to your HUF? How Section 99 changes the tax equationMoney or property gifted by a member to an HUF may not be taxable in the HUF’s hands because of the “relative” exemption. But the tax conse...28 Sep, 2026, 11.07 AM IST
- How one email cost a 77-year-old retiree $390,000 and his retirement plansJeffrey Maas, a 77-year-old retiree, lost his life savings after falling for a scam. He received a fake email about an antivirus charge tha...23 Sep, 2026, 02.35 PM IST
- Foreign bank balance may be small, but its value could be much higher: How FAST-DS 2026 values your foreign assetsA foreign bank account with a small closing balance may have a much higher value under FAST-DS 2026. This article explains how different ty...10 Sep, 2026, 02.17 PM IST
- Foreign income disclosed in ITR-U: Why it could still trigger Black Money Act - FAST-DS 2026 ParadoxFAST-DS 2026 raises an important question for taxpayers who have voluntarily disclosed foreign income through a valid ITR-U. Can such incom...04 Sep, 2026, 10.31 AM IST
- Fled US for Canada, caught at Toronto airport: Indian citizen arrested in alleged $7.5 million elder fraud schemeAn Indian national was arrested in Canada after allegedly fleeing the United States. Jay Sunilbharthi Goswami faces charges related to a mu...22 Aug, 2026, 12.05 PM IST
- US proposes new tax credit rules restricting refunds for some non-citizensThe US Treasury and IRS have proposed new rules restricting the refundable portion of four federal tax credits to US citizens, nationals an...21 Aug, 2026, 03.50 PM IST
- Foreign Asset Disclosure Scheme 2026: From budget proposal to rollout - what residents and NRIs need to knowThe Foreign Assets of Small Taxpayers Disclosure Scheme, 2026 has moved from Budget proposal to implementation. This article explains its t...19 Aug, 2026, 10.44 AM IST
- Moving back to India? What NRIs need to know about US tax obligationsFrom RSUs to retirement accounts, what returning Indians must settle before—and after—they land. The first thing to understand is that immi...17 Aug, 2026, 12.41 PM IST
- 2026 USPS postmark rule change: why IRS tax returns mailed April 15 may be late, penalties triggered, and safe filing steps explainedUSPS postmark rules 2026 are creating real tax filing risks this year. Over 160 million Americans file taxes annually, and many still rely ...14 Apr, 2026, 12.10 AM IST
- Millions may get IRS tax refund in 2026: Eligibility, claim process, and impact of November 2025 court rulingMillions of Americans may receive tax refunds in 2026 due to a court ruling. The decision impacts those who paid IRS penalties and interest...17 Mar, 2026, 02.24 PM IST
- IRS alerts taxpayers to $525 fines with interest if you miss this key 60-day ruleThe IRS has warned taxpayers about a strict 60-day rule for filing taxes. People who file very late may face a minimum $525 penalty plus in...20 Feb, 2026, 05.46 PM IST
- IRS misses the mark: Late W-2 and 1099 filings now trigger IRS penalties up to $680 per form — what January 31 deadline miss means todayIRS January 31 deadline passed: The Internal Revenue Service (IRS) began processing over 270 million information returns this week, but dat...04 Feb, 2026, 09.44 PM IST
- Today is the final day to take your 2025 RMDs — Avoid costly IRS penalties and maximize retirement savings nowRetirees must take their 2025 RMDs by December 31 to avoid IRS penalties. Missing withdrawals can cost up to 25% of the amount. First-time ...01 Jan, 2026, 01.51 AM IST
- Federal tax-extension deadline today; Here’s what you need to do if you missed itIf you miss the deadline, you could face two IRS penalties.17 Oct, 2023, 03.02 AM IST
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