National Taxpayer Advocate Erin Collins discussed the changes in a recent blog post. The changes have been long advocated by the AICPA.

offers in compromise (OICs), penalty abatement and innocent spouse relief. Offers in compromise If a client is unable to pay their tax debt in full, an OIC with the IRS or state tax agencies may ...

Tenants in the city of Davenport need safe, decent and affordable housing, and I would like to see the city council pass the rent abatement ordinance on Nov. 6.

To combat late information return filings, the IRS has systemically assessed penalties for certain late-filed international information returns, including IRS Forms 3520, 3520-A, 5471, and 5472.

The Internal Revenue Service has decided to stop automatically levying penalties when a taxpayer files a form reporting ...