IRM Interim Guidance: New Minimum Failure to File Penalty Amount (IRC §6651)

Revision to Internal Revenue Manual 20.1.2.3.7.4 that would update a table to reflect the legislative adjustment of the minimum failure to file penalty, released January 16. The Further Consolidated Appropriations Act, Pub. L. No. 116-94, updated the minimum failure to file penalty to $435 for 2020-2021. [sbse-20-0120-0074 (Jan. 10, 2020)]

Reference:
View Source Document.