IRS Waives Penalties For Some International And Late Tax Returns

This blog post is provided in 4 different languages including English, Spanish, Portuguese, and Turkish thanks to TaxConnections member Alicea Castellanos. TaxConnections welcomes members who desire to post tax blogs in multiple languages since our distribution channels and readers span more than 125 countries globally.

Read Post In Spanish

Read Post In Portuguese

Read Post In Turkish

The IRS is offering new relief for certain penalties, including international information return penalties for tax returns for 2019 and 2020. But the deadline to take advantage is just days.

The IRS is offering pandemic-related relief for certain penalties, including those for international information returns (IIRs), with respect to tax returns for 2019 and 2020. The catch: The returns must be filed no later than this Sept. 30.

The IRS Notice, “Penalty Relief for Certain Taxpayers Filing Returns for Taxable Years 2019 and 2020,” also provides relief from certain information return penalties regarding taxable year 2019 returns that were filed on or before Aug. 1, 2020, and taxable year 2020 returns that were filed on or before Aug. 1, 2021.

Read More