The IRS announced last week that they will be AUTOMATICALLY forgiving some
penalties related to tax years 2019 and 2020 tax return filings. While this is still a new
announcement and information is rolling out, it is currently understood that this applies
to corporate, partnership, and individual tax returns.
You may qualify for penalty relief if you tried to comply with tax laws but were unable
due to circumstances beyond your control.
If you received a notice or letter, verify the information is correct. If the information is not
correct, follow the instructions in your notice or letter. If you can resolve the issue, a
penalty may not apply.
Our team here at The Nash Group is able to help you resolve these issues and more. If
you have any questions about this penalty forgiveness please check the IRS website
here – https://www.irs.gov/payments/penalty-relief and then if you need assistance you
can click the link below to get in contact with our team.