“If people are giving advice on TikTok, we can’t give a counter advice on TikTok,” she said. On the other hand, she said, the people who accept tax advice from social media are “not reading a major newspaper. They’re not going to IRS.gov and reading a press release, ...
If you’re a taxpayer in one of these affected areas and you had Minnesota tax returns or payments due from June 16 to July 4,you won’t need to worry about penalties or interest as long as you reach out and ask for a penalty abatement before Nov. 1, 2024.Individuals can request an...
Financial Hardship:If paying the penalty would cause significant financial hardship, you can make a case for a waiver based on your inability to pay. Provide documentation such as bank statements, income records, and expense details to demonstrate that the penalty would place an undue burden on y...
The agency announced that it will approve or deny requests for a waiver on the basis of each organization's particular facts and circumstances. It will consider an organization's ability to timely file its return electronically without incurring an undue economic hardship....