Tax penalties

PricewaterhouseCoopers is supporting calls from the Institute and lawmakers who are asking to lower the penalty threshold for taxpayers.

The American Institute of CPAs is asking the IRS and the Treasury for additional relief for taxpayers who didn't adjust their withholdings last year for the Tax Cuts and Jobs Act.

Taxpayers who miscalculated how much they’ll owe the Internal Revenue Service this year won’t get hit with penalties — up to a certain point.

Most taxpayers who didn't properly adjust their withholding after the Tax Cuts and Jobs Act won't face penalties.

The organizations are worried about underpayment and underwithholding penalties stemming from the Tax Cuts and Jobs Act.

The penalty has been extended from the Earned Income Tax Credit to other types of refundable tax credits.

The Trump administration will let taxpayers claim hardship exemptions directly on their tax returns.

Despite all the talk from some in Washington, D.C., Obamacare is not going away -- and neither are the responsibilities of employers to comply with the health care law.

With the IRS issuing ACA penalty notices, that can make a dent in an organization’s bottom line.

An IRS program offers taxpayers an opportunity to avoid some penalties -- but it requires careful judgement.