My first blog post –
Good news! Certain individuals that received penalties for filing late in 2019 or 2020 are being waived. Contact us at Daniels Professional Tax and Business Services for more information and please share this news with your network! We are an authorized IRS efile provider.
2019 and 2020 IRS penalties for filing late are being waived for certain taxpayers. If you file your tax return late or fail to file an extension you will receive a penalty – starts at 5% of taxes owed for each month and up to 25%. The IRS has decided to give certain taxpayers some relief due to the ongoing pandemic crisis. Those who still haven’t filed 2019 and 2020 years returns will have until September 30, 2022 to file to get this waiver. The late filing penalty is not the same as the late payment penalty. These penalties don’t apply if you get a refund. Notice IRS 2022-36