The IRS has announced new penalty relief totaling around $1 billion to approximately 4.7 million individuals, businesses, and tax-exempt organizations. This relief is aimed at those who did not receive automated collection reminder notices during the pandemic, which were temporarily suspended in February 2022 due to the COVID-19 crisis. The latest blog entry covers the news and its importance to tax preparers.…

Read more about IRS Announces Penalty Relief for Nearly 5 Million Tax Returns

The opportunity to receive a pandemic-driven tax credit is still available to taxpayers who haven’t taken advantage of it during the main Covid outbreak. But the window of time is closing fast, making filing a claim for qualifying taxpayers (tax years 2020 or 2021) a priority. Check out our latest blog post to find out how to file your pandemic tax claim in time.…

Read more about Time Running Out to File for Recovery Rebate Credit

As recovery efforts spread across parts of the south in the wake of the December 10 tornadoes, the Internal Revenue Service is expanding its effort to give affected taxpayers in the region a helping hand.…

Read more about IRS Relief Now Covers Kentucky, Parts of Illinois and Tennessee

Victims of the recent tornadoes that swept through Tennessee have gotten some tax relief from the Internal Revenue Service.…

Read more about Tennessee Tornado Victims Get Tax Relief from IRS