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Tax Tips & News: letters

"IRS Announces Relief: Penalties Waived for Unpaid Taxes Under $100,000 for 2020 and 2021"

2 minutes read

In a significant move, the IRS declared on Tuesday that it will be forgiving penalty fees for individuals with outstanding taxes totaling less than $100,000 for the tax years 2020 and 2021. This announcement comes as part of a relief initiative aimed at aiding nearly 5 million people, businesses, and tax-exempt organizations, with the majority having an income below $400,000 per year. The relief, totaling around $1 billion, will start to roll out this week.

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Beware Of Phony Tax Collection Letters

2 minutes read

Scam Season Is Heating Up

Tax season may be over, but the scamming season has just begun.  The NY State Department of Taxation has issued a warning to be on the look out for phony tax collection letters that have recently made the rounds.  Gov. Andrew Cuomo said:

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