IRS Announces Penalty Relief for Certain 2019 and 2020 Taxpayer Returns

IRS to refund taxpayers over $1.2 billion in late filing penalties For some taxpayers, the IRS has agreed to provide relief on certain penalties that were assessed. On August 24, 2022, The IRS released Notice 2022-36  announcing penalty relief for certain taxpayers whose returns were filed late in 2019 or 2020 during the pandemic. The … Continue reading IRS Announces Penalty Relief for Certain 2019 and 2020 Taxpayer Returns