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IRS to waive $1 billion in tax penalties Here s who qualifies

The IRS said it will waive penalties for almost 5 million taxpayers on their 2020 and 2021 tax returns.

If you faced a tax penalty during the pandemic, the IRS may have a new break for you

The decision to grant the waiver is due to the IRS having suspended late-pay reminders in Feb. 2022 but allowing failure-to-pay penalties to continue to accrue.

IRS To Provide $1 Billion In Penalty Relief To 4 7 Million Taxpayers

The IRS has announced approximately $1 billion in penalty relief for millions of taxpayers that were not sent automated collection reminder notices during the pandemic.

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