The IRS has issued a warning ahead of the June 17 tax deadline, emphasizing the importance of making timely payments to avoid surging penalties. In 2023, the IRS assessed a record $7 billion in estimated-tax penalties, a significant increase from the $1.8 billion assessed in 2022. This marks a 287% rise in penalties, highlighting the agency's intensified efforts to enforce tax compliance. The next quarterly estimated tax payment is due on June 17, and taxpayers are advised to be aware of the potential financial repercussions of missing this deadline. This second-quarter estimated payment is crucial for some American taxpayers.
The IRS is targeting tax cheats who play ‘shell games.’ Uncle Sam could net $50 billion. https://t.co/IY0JTyc3YC
Friendly reminder for those of us that have to pay quarterly estimated taxes...they're due today. https://t.co/kxRketVv2V
The IRS is targeting tax cheats who play ‘shell games' https://t.co/Jyq3pZM3L9
Monday, June 17 is an IRS tax deadline. Here’s what to know about second-quarter estimated payments due for some American taxpayers. https://t.co/jPqTXL5BhS
The IRS assessed a record $7 billion in estimated-tax penalties in 2023, a 287% increase from the total assessed in 2022 ($1.8 billion). Reminder: next quarterly estimated tax payment is due tomorrow (June 17). https://t.co/gxpSUVVh35 https://t.co/CJWkrPFTm7
The IRS assessed a record $7 billion in estimated-tax penalties in 2023, a 287% increase from the total assessed in 2022 ($1.8 billion). Reminder: the next quarterly estimated tax payment is due tomorrow (June 17). https://t.co/gxpSUVVh35 https://t.co/llXgeLi0Q6
A surging IRS tax penalty is costing Americans billions - here's how to avoid being hit https://t.co/P7d0tmNscr https://t.co/r6E5bsge4h
A Surging IRS Penalty Is Costing Americans Billions. Here’s How to Avoid It, by @Saunderswsj https://t.co/TvyOE1tP47
IRS warning with one day until major tax deadline https://t.co/cBvg66tjE3 https://t.co/hryyg2hl9a
June 17 tax deadline: Do you need to make a payment to the IRS? https://t.co/VfrM2WcV80