Farhy v. Commissioner Case Paves the Way for Taxpayers to Reclaim Penalties Fees Under new regulations, the IRS can no longer administratively assess penalties for not filing or being late with foreign information forms, such as Forms 5471, 5472, 8865,
Modernizing the Agency for a Digital-First Approach Small business owners have long had a complicated relationship with the Internal Revenue Service (IRS). Filing taxes can be a daunting and confusing task for entrepreneurs, and the agency’s reputation for being bureaucratic
According to IRS data for the week ending February 17, the average refund is $3,140, a decrease of 11.2%, or $396, from the previous year. The end of pandemic-era stimulus programs is affecting tax refunds. According to IRS data for