COVID Tax Relief: IRS Provides Broad-Based Penalty Relief for Certain 2019 and 2020 Returns Due to the Pandemic; $1.2 Billion in Penalties Being Refunded to 1.6 million Taxpayers
This article was published by the IRS. To help struggling taxpayers affected by the COVID-19 pandemic, the Internal Revenue Service has issued Notice 2022-36, which provides penalty relief to most people and businesses who file certain 2019 or 2020 returns late. The IRS is also taking an additional step to help those who paid these penalties [...]