News & Analysis as of

Internal Revenue Service Failure To Pay

The United States Internal Revenue Service is a bureau of the United States Department of the Treasury. The IRS is charged with collecting revenue and enforcing the Internal Revenue Code.  
McDermott Will & Emery

Potential Refund Opportunity for Interest and Penalty Amounts Accrued During COVID-19 Federally Declared Disaster

McDermott Will & Emery on

Taxpayers who made payments to the Internal Revenue Service (IRS) that included underpayment interest and/or failure-to-file/pay penalties that accrued during all or part of the period between January 20, 2020, through July...more

Lippes Mathias LLP

IRS Announces Penalty Relief for Nearly Five Million Eligible Taxpayers Totaling $1 Billion

Lippes Mathias LLP on

As looming collection action efforts against delinquent taxpayers intensifies, the Internal Revenue Service is attempting to increase voluntary compliance and payment for outstanding liabilities. The IRS announced automatic...more

Freeman Law

How to Successfully Request IRS Penalty Relief

Freeman Law on

Federal tax penalties have always been an IRS priority.  But, perhaps more so today than three decades ago.  For example, in 1987, the IRS reported that it had assessed penalties of approximately $14 billion.  Compare that...more

Buckingham, Doolittle & Burroughs, LLC

In the Crosshairs: IRS Increasing Audit and Compliance Efforts for High-Income Households

The IRS recently announced that high-income households will be the target of increased enforcement efforts after the agency reopened on July 15. The Service is aiming to increase compliance amongst high-income taxpayers...more

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