Tax Professionals Want Relief From IRS Ahead of Filing Season

The IRS should make a difficult tax season easier by providing relief on automatic actions for compliance and waiving some penalties, the American Institute of CPAs and other organizations representing tax professionals said in a letter sent Friday to IRS Commissioner Chuck Rettig and Lily Batchelder, the assistant Treasury secretary for tax policy.

• The agency should “provide taxpayers with targeted relief from both the underpayment of estimated tax penalty and the late payment penalty for the 2020 and 2021 tax year,” the organizations said.
• The request from the AICPA and other groups, including the National Association of Black ...