Kathryn Flynn is a finance writer and editor for 529 plans, student loans, budgeting, investing, tax planning, and insurance. Vikki Velasquez is a researcher and writer who has managed, coordinated, ...

Back taxes are taxes that have been partially or fully unpaid in the year that they were due. Taxpayers can have unpaid back ...

Divorce can complicate financial matters, especially when it comes to back taxes. Understanding who is responsible for these debts is crucial to avoiding future legal and financial issues. Joint tax ...

Most married couples will come out ahead by filing jointly, but filing separately may be the better choice for some.

“One of the immediate consequences of not paying your taxes on time is the accumulation of interest and penalties. The IRS ...

What happens if you don't file your taxes? The simple answer is that you will incur back taxes — and eventually, you'll need to deal with them. Otherwise, unfiled tax returns and unpaid taxes can add ...

Life happens, and sometimes the April 15 tax deadline slips by. When it does, the IRS charges penalties based on which deadline you missed — filing, payment or both — and the costs vary depending on ...