IRS Penalty Relief

The IRS mailed out special notices this January reminding taxpayers who owe taxes of how much they owe and if they automatically received a penalty relief. Because the IRS ceased collections and collection notifications during the pandemic, didn’t mean that they stopped penalties and interest from accruing. The IRS didn’t think that it was fair once they started to resume sending out letters that taxpayers would be hit with a much bigger bill than expected. They decided to waive the penalties, which would apply to tax years 2020 and 2021 only. Tax returns filed by individuals, trusts, businesses, estates and tax exempt organizations are eligible for this relief.

If these years do not apply to you, there are tax relief programs that are available. Call the people at Fresh Start Tax Relief Services. We can take you through a brief interview and determine which program is best for you. 888-553-1108