We're here to give the professional expertise and peace of mind to make tax time less stressful. We are committed to your needs as expats, and we never stop learning, exploring, and staying proactive on the latest tax news that affects you.
According to the IRS announcement, besides providing relief to both individuals and businesses impacted by the COVID-19 pandemic, the filing penalty relief is also “designed to allow the IRS to focus its resources on processing backlogged tax returns and taxpayer correspondence to help return to normal operations for the 2023 filing season.”
At the beginning of the year, the IRS issued 2 letters to taxpayers to help with accurately filing this year’s tax return. In this blog, we discuss the content of these letters and recommend that you provide them to your preparer to ensure an accurate filing this year.