Failure-to-file penalty

The IRS is sending out over 125,000 collection letters to high-income taxpayers who did not file one or more federal income tax returns between 2017 and 2021. The IRS will

Continue Reading IRS to Focus on High-Income Earners Who Have Not Filed Tax Returns Since 2017

       In Notice 2023-71, the IRS provided tax relief for individuals affected by Hamas’ terroristic action in the State of Israel beginning on October 7, 2023.  Notably, this relief is not

Continue Reading IRS Provides Extensions for Taxpayers Impacted by Hamas Terrorism in Israel

By Matthew D. Lee and Jonathan Wasser

The Internal Revenue Service plans to provide widespread penalty relief for the late filing of certain tax and information returns for the 2019

Continue Reading Internal Revenue Service Announces Sweeping Penalty Relief for 2019, 2020 Tax Returns