Tax Penalty

Practice

New IRS Program to Give Penalty Relief to Small Business Retirement Plans

The one-year pilot program that will start in June is intended to help small businesses with retirement plans that owe penalties for unknowingly failing to file reporting documents.
Tax

TIGTA: IRS Improperly Enforced Law Penalizing Erroneous Claims

A November 12 report released from TIGTA found the IRS significantly limited the number of erroneous tax refund and improper tax credit claims on which it could assess penalties.