Penalty Payback: IRS Hands Out Record-Breaking $7 Billion in Fines for Late Taxes Why You Shouldn’t Delay Your Taxes: How Interest Rate Hikes Are Fueling Record-Breaking Penalties According to WashingtonExaminer, The IRS has given out a record-breaking $7 billion in penalties for not paying taxes on time. Most of these penalties went to freelancers and … Read more