IRS Assessing Penalties!?!
We heard from a few accountants that the IRS is assessing (incorrectly) late tax filing penalties for past years. Some clients even received an intent to levy a tax notice already. Don’t ignore this. While this might be a mistake, you need to fix it. This will NOT be a phone call but a letter in the mail. Call your accountant to see how you should act. You may not want to go this alone.