Taylor Tepper covered banking, investing and pretty much everything else in personal finance for more than a decade, with his work appearing in the New York Times, Fortune and MONEY magazine, as well ...

The IRS “one-time forgiveness” refers to the First-Time Penalty Abatement program, offering relief from certain penalties for compliant taxpayers.

Here’s how an IRS offer in compromise works, what it takes to qualify and what to know about the program. Many, or all, of the products featured on this page are from our advertising partners who ...

Trump’s 2025 tax law offers four major deductions, but missteps on AGI impact, paperwork, eligibility, and withholding can ...