IRS Resumes Automatic Collection Notices, Provides Failure-to-Pay Penalty and Accrued Interest Relief to Some by Angie Adames, CPA
Posted on February 22, 2024 by Angie Adames
The IRS announced it is resuming mailing automated collections and reminder notices to taxpayers with outstanding tax liabilities from 2021 and earlier, a practice it suspended in 2022. In certain circumstances, the agency will waive failure-to-pay penalties that accrued in tax years 2020 and 2021 during the height of the COVID pandemic. It is estimated […]
