IRS processing update

A powerhouse of tax focused organizations sent a letter to the Commissioner of the Internal Revenue Service, Charles P. Rettig, on January 14 raising a number of concerns, including unanswered phone calls, and requesting specific relief.

In their letter, organizations call upon Commissioner Rettig to temporarily discontinue automated compliance actions, align requests for account holds with time it takes to process penalty abatement requests and offer a reasonable cause penalty waiver. They also recommend that the IRS provide taxpayers with targeted relief from the underpayment of estimated tax penalty and late payment penalty for the 2020 and 2021 tax year.