August 24, 2022
IRS extends deadline for unfiled 2019 and 2020 returns, provides penalty relief for certain 2019 and 2020 returns
In Notice 2022-36, the IRS automatically extends until September 30, 2022, deadlines for most individual and business taxpayers that did not file tax returns for tax years 2019 and 2020. The notice also provides penalty relief to taxpayers for certain failure-to-file penalties for tax returns for 2019 and 2020. The notice applies to certain information return penalties for (1) tax year 2019 returns filed on or before August 1, 2020, and (2) tax year 2020 returns filed on or before August 1, 2021. A Tax Alert is forthcoming.