Category Archives for Penalty Abatement

IRS grants $1B in penalty relief

  • January 10, 2024

The IRS has granted about $1 billion in penalty relief to some 4.7 million individuals, businesses and tax-exempt organizations that were not sent automated collection reminder notices during the pandemic.Most

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Tax Relief For Victims of Hurricane Ian in Florida

  • October 24, 2022

The Internal Revenue Service (IRS) recently announced that individuals, households, and residents who have a business anywhere in the state of Florida qualify for Hurricane Ian tax relief. Here are

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IRS Reduces Backlog, Needs to Extend Penalty Relief

  • September 9, 2022

The Internal Revenue Service is making progress on its backlog of unprocessed tax returns, as it's asked by the American Institute of CPAs to extend its recently announced penalty relief through the end

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Here’s How to Evaluate a Tax Relief Firm from a Cost Standpoint.

Note: you should refer to a tax attorney. Tax attorneys have the highest level of representation and credentials and can offer more options to you compared to a CPA or an enrolled agent. You need to know

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Coronavirus Tax Breaks Businesses can Take Advantage of Now

  • June 25, 2020

The IRS recently rolled out three new coronavirus tax breaks for businesses aimed at helping them through the coronavirus pandemic. As businesses and individuals across the country have been hit hard

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What If You Can’t Afford to Pay the Taxes You Owe?

  • February 14, 2020

Maybe you've just finished preparing your tax return and you find that you owe the IRS a large sum, but you can’t afford to pay it. Are you going to jail? Probably not. The realization that you can’t

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What Taxpayers Really Think about the IRS

  • July 3, 2019

For the last two years, the Internal Revenue Service has surveyed taxpayers to find out what makes them comply with their tax obligations. The study – called the “Comprehensive Taxpayer Attitude Survey”

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Is the IRS picking on you?

  • February 18, 2019

You are not alone. Running the government is expensive and the number one means for paying its bills and expenses is you - the taxpayer! The government is an equal opportunity debt collector. It doesn’t

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