Taxes September 2, 2026
Tax Court Penalizes ‘Pretty Sophisticated’ Taxpayer
Depending on the situation, the IRS may have discretion to hand out some of these penalties or to cut unknowing taxpayers some slack.
Taxes July 15, 2026
Tax-Exempt Organizations and the IRS: FY25 Audit and Penalty Increase and How to Prepare
The old adage “the best defense is a good offense” applies equally to football games and IRS tax-exempt audits.
Taxes March 9, 2026
AICPA Urges IRS to Expand First Time Abatement Program
In a letter to the tax agency, the American Institute of CPAs asked the IRS to expand the First Time Abatement program in order to cover more types of tax and information return penalties.
Taxes March 4, 2026
AICPA Asks IRS to Give Tax Penalty Relief to Farmers Impacted by Form 8995 Changes
In a letter submitted to the IRS, the American Institute of CPAs requested penalty relief for qualified farmers due to changes made to the instructions for Form 8995, Qualified Business Income Deduction Simplified Computation.