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COVID-19 PENALTIES RELIEF

  • Writer: Nimrod Barkai
    Nimrod Barkai
  • Nov 18, 2020
  • 1 min read

NOV 17, 2020

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IRS commissioner: Penalty relief will not be 'blanket'

By Paul Bonner

November 18, 2020


“We took a look at global relief, we get it that you would like to have blanket relief, it is not going to happen, and I think if you were sitting in my chair or Chief Counsel Mike Desmond’s chair or others’ chairs, you would be able to look at it as we do.”

The IRS’s response to the COVID-19 pandemic has included focused relief from tax penalties, but taxpayers and tax professionals should not expect a “blanket” approach, IRS Commissioner Charles Rettig told CPAs on Tuesday.

Rettig addressed penalties, among other pandemic recovery and longer-term priorities for the Service, during his address to the AICPA National Tax & Sophisticated Tax Online Conference. He was joined by other top IRS officials who described the activities and outlook of their operating divisions and offices..

 
 
 

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