Request for Special COVID-19 Related Penalty Relief

NATP, along with the AICPA and five other tax groups, has issued a letter addressed to both Commissioner Rettig and Treasury Assistant Secretary David Kautter calling for the need of special COVID-19 related penalty relief. The letter notes:

The reality is that for many Americans, the global pandemic has created obstacles preventing many taxpayers and their advisors from timely filing returns or making timely payments despite their best efforts. Additionally, the IRS sent mistargeted notices resulting from their inability to process some timely filed returns and timely paid taxes. Indeed, the current state of the IRS, including a reduced workforce, mail backlog, and premature compliance actions call attention to the situation.

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