IRS is eliminating a number of penalties on 2019 and 2020 tax returns

The IRS announced it is eliminating a number of penalties on 2019 and 2020 tax returns, leaving many farmers speculating over the impact on their operations.

Ag CPA Paul Neiffer spoke with RFD-TV’s own Suzanne Alexander on the details of the announcement, how quickly this will happen, and main takeaways for farmers.

For more information, click HERE

Related:

IRS’s new guidance may affect your estate planning

IRS Announces Final Guidance on Tax Filing Relief

Rep Emmer: IRS changes would harm ag and rural communities






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