You could wind up paying a hefty penalty if you don't file your income taxes in time. Here's non-filing tax penalty this year ...

U.S. persons who invest in foreign activities often have U.S. reporting obligations. A common international reporting requirement for many U.S. persons is IRS Form 5471, Information Return of U.S.

Forbes contributors publish independent expert analyses and insights. Admitted NY Bar and US Tax Court, covers US international tax law. The IRS Commissioner Danny Werfel announced some good news for ...