We are up against an impending tax season and the future of the Internal Revenue Service (IRS) is in question by DOGE and the Trump administration. If the IRS were to be dismantled, the immediate void could trigger states to […]
The IRS First-Time Penalty Abatement (FTA) is a valuable tool for taxpayers who find themselves facing hefty IRS penalties. This administrative waiver can provide relief from penalties for failing to file a tax return, failing to pay on time, or […]
May 2024 – IRS releases Strategic Operating Plan update outlining future priorities; transformation momentum accelerating following long list of successes for taxpayers | Internal Revenue Service. This update reflects the agency’s ongoing transformation efforts aimed at improving taxpayer services, enhancing […]
Filing a partnership tax return late can result in penalties from the IRS. Understanding these penalties is important to understand the impact so you can make a cost/benefit decision. Here’s a detailed look at the penalties associated with late filing […]
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