The underpayment penalty is a 7% charge imposed on taxpayers who didn’t pay all of their estimated income taxes or paid estimated taxes late.

ST. PETERSBURG, Fla. – Today is April 15, which means tax returns are due. But for filers in Florida, the deadline has been pushed back to May 1 due to hurricanes Helene and Milton. IRS.gov has a ...

Form 1099-K is used to report payments received for goods or services processed through payment apps, online marketplaces, ...