Press Release – (IR-2022-163)
In recent news the IRS has announced that, individual taxpayers and businesses, impacted by the pandemic may qualify for a late filing penalty relief, provided their tax returns for the years 2019 and 2020 are filed on or before the filing deadline on September 30, 2022. This relief applies to Form 1040, US Individual Income Tax Return and Form 1120, US Corporation Income Tax Return series, as well as others listed in the Notice 2022-36, issued by the IRS. Further, taxpayers who file during the first few months after the filing deadline, would qualify […]