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IRS will waive failure to pay penalties for 2020 or 2021

On January 10th, 2024, the IRS communicated that will remove/waive failure to pay penalties on unpaid taxes less than $100k for tax years 2020 or 2021. The rational for this removal of penalties is because the IRS suspended sending automated notices during the pandemic so certain taxpayers were not aware of any amounts due for

By |2024-01-24T16:49:28+00:00January 14th, 2024|Categories: Business, Individuals|Tags: , , , , , , |
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Federal Trade Commission – deceptive free claims from TurboTax

Yesterday, the Federal Trade Commission FTC released the initial ruling where TurboTax (Intuit) was deceiving customers with the use of "free" tax preparation that required the payment for those services. Also, this initial ruling could be applied to other "free" promotions that are truly not so. As mentioned in CNBC's article, Intuit already had an

By |2023-09-10T00:14:42+00:00September 10th, 2023|Categories: Business, Individuals|Tags: , , , , , , , , , |
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