The Administration just released its proposed budget for Fiscal Year 2027.[i] The Budget proposes to streamline IRS operations by reducing the agency’s budget to $9.8 billion – a $1.4 billion cut from ...
On 12/19/23, the IRS announced the restart of IRS collection notices as well as a new penalty relief for approximately 4.7 million individuals, businesses and tax-exempt organizations that were not ...
The IRS has announced penalty relief for approximately 4.7 million taxpayers that were not sent automated collection reminder notices during the pandemic. The anticipated amount of relief is about $1 ...
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