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IRS relieves penalties for personal and business 2019 and 2020 tax returns

Yesterday, the IRS announced a penalty relief program for personal and business tax returns related to 2019 and 2020 tax years. To qualify for the relief, the tax returns must be filed by September 30, 2022. We note that there is a first time abatement option granted by the IRS and this additional penalty relief

By |2022-08-25T14:16:48+00:00August 25th, 2022|Categories: Business, Individuals|Tags: , , , , |

Missed the May 17 deadline to file and pay taxes?

If you missed the May 17, 2021 deadline, you might have filed an extension and you will be in one of the following scenarios: 1) If an individual taxpayer is owed a refund, there’s no penalty for filing late. If you are getting a refund, file as soon as possible as US taxpayers lose over

By |2021-05-19T21:37:09+00:00May 19th, 2021|Categories: Individuals|Tags: , , , , , , |
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