The Internal Revenue Service (IRS) has confirmed that there will be no changes to the interest rates for the upcoming quarter ...

IRS calculates interest on late tax payments daily using the federal rate plus 3%. Filing late incurs a 5% monthly penalty, while late payment has a 0.5% per month penalty. Penalties can ...

Roughly 20,000 workers at the Internal Revenue Service (IRS) have expressed interest in the most recent buyout offer from the Trump administration, FOX Business has learned. An agency source told ...

The IRS also charges interest on late taxes. Determined by adding 3% to the short-term federal interest rate, the IRS interest rate is currently 7%. That rate is adjusted quarterly and interest is ...