IRS Revisions to Internal Revenue Manual Clarify Who Is Eligible for Late Filing Penalty Relief

On Aug. 29, the IRS released a new section to the Internal Revenue Manual (IRM), 20.1.1.3.3.2.2, providing penalty relief for certain taxpayers filing 2019 and 2020 returns in response to Notice 2022-36, issued Aug. 24, 2022.

Click here to continue reading the full GT Alert.