September 09, 2022
News For Your Week Ahead: September 9, 2022
MSATP Comments on AICPA Letter to IRS MSATP supports the AICPA's letter asking the IRS to push back the Sept 30 filing deadline for taxpayers to receive penalty relief under of IRS Notice 2022-36. The notice was issued August 24 and provides automatic relief from failure to file penalties for certain 2019 and 2020 returns filed by September 30, 2022. In the letter, the AICPA states: "We are pleased that IRS has provided some measure of COVID-19 related penalty relief for taxpayers. We applaud the unprecedented waiver of the failure to file penalty under section 6651(a)(1).1 And we praise the IRS for waiving the various...
