The IRS has issued a request to taxpayers with extensions for their 2024 federal tax returns to file them in the summer months.

IRS Notice 2025-24: Waiver of Penalties if Micro-captive Reportable Transaction Disclosures Filed by July 31, 2025 On Friday, April 11, 2025, the Internal Revenue Service issued Notice 2025-24 ...

The IRS is waiving penalties for nearly $1 billion in back taxes owed during the pandemic. Here's what you should know about who's eligible and how the tax penalty relief works.

Appleby: 4 RMD Mistakes to Avoid Option 3: Private Letter Ruling Request Under the private letter ruling request method, a petition is filed with the IRS for a waiver of the 60-day deadline.

Sen. Ossoff is asking the IRS to waive penalties and interest fees on late or missing filings.

Editor’s note: Video is from previous coverage. ATLANTA, Ga. (Atlanta News First) - U.S. Sen. Jon Ossoff, D-Ga., is requesting that the IRS waive penalties and interest fees for Georgians whose IRS ...

This is followed by a quiet disclosure (amended returns) and perhaps a letter explaining some set of circumstances and a request for the IRS to waive penalties and/or prosecution.

A first-time penalty abatement will waive late fees Now for the good news: If you have a history of filing and paying your taxes on time, the IRS may be willing to waive those penalties through a ...

Collection letters from the IRS are going out in the mail again after a two-year pause. The automated reminder notices started up again in January after they had been halted temporarily due to the ...

In December, the IRS announced that the agency would waive some failure-to-pay penalties for eligible taxpayers affected by this situation for tax years 2020 and 2021.