12/19/23: IRS ANNOUNCES MASSIVE $1,000,000,000 TAX PENALTY FORGIVENESS

12/20/23 • 17 min

Today, the IRS issued Notice 2024-7, announcing a MASSIVE penalty forgiveness program for certain taxpayers who got behind on their taxes during the pandemic. In this video, Logan Allec, CPA, tells you everything you need to know! Book your FREE tax relief consultation at https://choicetaxrelief.com/free-cons... or by calling 866-8000-TAX!
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➡️ The Wall Street Journal Article I Was Quoted In: https://www.wsj.com/personal-finance/...

Previous Episode

Should 82-Year-Old Keep Paying the IRS $1,000 a Month [Payment Plan]?

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Should an older taxpayer keep paying the IRS in their installment agreement, especially if the payment is quite large and affects their ability to pay basic and necessary living expenses? I share my thoughts on this matter in this episode!
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Next Episode

IRS Notice CP71C Explained: This Is NOT a Freak-Out Notice! It's OK! 👍

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If you've received the CP71C Notice from the IRS in the mail, you might be wondering what it is and what to do about it. The CP71C Notice is the IRS Annual Reminder Notice to Taxpayers With Balance Due Modules That Are in Status 24 With a Balance of $25 or More. Learn more about the CP71C Notice and what to do if you receive a CP71C Notice from the IRS in this episode!