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 Penalty Waiver Request Tax Iowa Gov for Expedited 2021

Iowa 78 629a 2021-2025 Form

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all right welcome back so today we've got to talk about this penalty relief that the IRS is offering they started this August 24th relates to certain income filing requirements and some information returns that may have been filed late or perhaps haven't been filed until this point so let's get into the details of this and explain what applies how it applies and how it's going to take effect so for 2019 and 2020 returns that were not filed on time the IRS is offering you some penalty relief for those late filed returns the situation is explained in more detail in IRS notice 2022-36 that they issued August 24th and essentially it's providing retroactive relief for late filed returns for the 2019 and 2020 tax years let's talk about the first layer of relief that's being offered if you can file the following returns that we'll describe before September 30th of 22 then you will have automatic relief from those late file return

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