IRS Announces The People First Initiative for COVID-19 Hardships

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The IRS recently announced The People First Initiative to provide compliance relief to taxpayers experiencing COVID-19 related hardships. It released a FAQ to address how taxpayers undergoing audits or have collections and other issues can proceed. Here’s how it impacts you. If you owe back taxes IRS is not forgiving tax debts and balances will continue … Read more

Treasury Inspector General Says IRS too Lax on High-Income Nonfilers

IRS notice of deficiency

In its May 29, 2020 report, the Treasury Inspector General for Tax Administration (TIGTA) admonished the IRS, finding that high-income nonfilers owing billions of dollars are not being worked by the Internal Revenue Service. The report notes that “pursuing nonfilers is one of the IRS’s most efficient enforcement strategies because issuing nonfiler notices can be … Read more

When does a failure to file a tax return become fraudulent?

It is not uncommon for taxpayers to get a little behind on the filing of their tax returns. But consistent late filing under some circumstances can lead to fraudulent failure to file civil penalties. If failure to file a return is fraudulent, a civil penalty known as the “fraudulent failure to file penalty” may apply … Read more

Back Taxes Help: How to File Back Tax Returns

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Looking for back taxes help? If you haven’t filed your tax returns in a while, how do you get back into compliance? Do you need an attorney? Many people are able to file their back tax returns using TurboTax. You might need a CPA or attorney in some cases You may need to retain a … Read more