Ruling on Eid prayers

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As-Salaamu-Alaikum wa Rahmatullahi wa Barakatuh. (May Allah's Peace, Mercy and Blessings be upon all of you)
One of our brothers/sisters has asked this question:

Are the Eid prayers on Eid al-Fitr and Eid al-Adha obligatory or Sunnah? What is the sin of the one who does not pray them?.

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Answer:

Praise be to Allaah.

The Eid prayers on Eid al-Fitr and Eid al-Adha are fard kifaayah (a communal obligation); some scholars said that they are fard ‘ayn (an individual obligation) like Jumu’ah prayer, so the believer should not neglect them. 

And Allaah is the Source of strength. 

Whatever written of Truth and benefit is only due to Allah's Assistance and Guidance, and whatever of error is of me. Allah Alone Knows Best and He is the Only Source of Strength.

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