Taxes: IRS waives penalty for taxpayers with tax bills from 2020 and 2021
The discharge of penalties for 2020 and 2021 back taxes totalled almost $1 billion.
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The discharge of penalties for 2020 and 2021 back taxes totalled almost $1 billion.
The discharge of penalties for 2020 and 2021 back taxes totalled almost $1 billion.
IRS announces penalty relief for 4.7M taxpayers, easing pandemic-era tax burdens for individuals, businesses, and tax-exempt organizations.
The IRS has announced approximately $1 billion in penalty relief for millions of taxpayers that were not sent automated collection reminder notices during the pandemic.
Implemented by the Internal Revenue Service (IRS) in 2001 but infrequently used, it's possible for certain taxpayers to avoid a tax penalty or get their money refunded from the IRS under its First...