Tax News Briefs 
Important Tax News You Can Use
Penalty Relief for 2019 and 2020 Tax Returns The Internal Revenue Service (IRS) is providing relief for taxpayers from certain failure-to-file penalties with respect to tax returns for the ... TheTaxBook
Nov/Dec 2022,
Tax News Briefs,
Form 5472, Form 5471, Form 1041-N, §6698(a)(2), Form 3520, Form 1040-QFT, foreign, §6698(a)(1), Form 3520-A, Form 1120, penalty, §6699(a)(2), RMD, Form 1120-C, relief, §6699(a)(1), Form 1040-NR, Form 1120-F, COVID-19, §6721(a)(2)(A), Form 1040-SS, Form 1066, PPP, Setting Every Community Up for Retirement Enhancement Act, Form 1040-PR, Foem 990-PF, SECURE Act, livestock, Form 1040-SR, Form 990-T, Form 1040, drought, international information returns, Notice 2006-82, Form 1040-C, IIR, §6651(a)(1), Notice 2022-43, Form 1041
Feature Article
Assessable Penalties and Abating Them
The United States federal tax system operates on a system of somewhat voluntary compliance. However, human nature being what it is, a voluntary system without a means of enforcement lends itself to fraud, ignorance, and disregard. I... David Woods, EA