A failure to meet tax deadlines can mean more than a headache, it can mean a hefty financial penalty and possible interest. Depending on the details behind the error, the Internal Revenue Service (IRS) could also attempt to make allegations of criminal wrongdoing....
Month: February 2024
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IRS Tax Exempt/Government Entity Division 2023 Accomplishments Letter Achievements Highlighted
IRS Tax Exempt/Government Entity Division focuses on its Operational Improvements in its 2023 Accomplishments Letter which runs through the agency’s Sep. 30, 2023, fiscal year-end. The Achievements Highlighted Include: The hiring of 197 new employees: 113 Revenue...

IRS Tax Relief Alert: Penalty Payments Temporarily Suspended
Stay informed about recent IRS tax relief measures, eligibility criteria, and automatic penalty relief details for taxpayers facing back taxes from 2020-2021 amidst the COVID-19 pandemic.

Employment Tax Audits: What Employers Need to Know
Worried about the possibility of an employment tax audit for your business? Here are specific areas the IRS may scrutinize closely.