Revision to Internal Revenue Manual 4.10.10, Standard Paragraphs And Explanation Of Adjustments, that would revise 16 standard penalty and addition to tax explanations and add eight new standard penalty and addition to tax explanations, released February 23. The standard explanations will be incorporated into the Report Generation Software (RGS), the IRS stated. Prior to the RGS update, examiners can insert these explanations using the custom paragraph feature in RGS. [SBSE-04-0221-0006 (Feb. 18, 2021)]
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