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In IR-2024-116, the Internal Revenue Service (IRS) outlined ways that late tax filers could comply with filing and payment rules. While over 139 million taxpayer returns were filed this year, there are some individuals who may have neglected to file because they were not able to pay their full tax bill. The IRS encourages these taxpayers to file and start making as many payments as possible. Taxpayers who file and start to make payments can reduce their late-filing penalties and interest. The IRS explains that there are five main options for making tax payments. Direct Pay - Taxpayers may...
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Parents are frequently approached by children who desire loans for various purposes. Parents may make a loan to a child...
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