The IRS “one-time forgiveness” refers to the First-Time Penalty Abatement program, offering relief from certain penalties for compliant taxpayers.
Taxpayers who typically receive tax refunds by paper check could be surprised next year when the IRS initiates new steps to spur direct deposit.
Generally, after September 30, 2025, the Treasury Department has said that all federal agencies will cease sending and ...
Learn how to fix errors, report missing forms, and stay compliant with the IRS before filing your 2024 tax return.