Twenty-five members of the Senate, led by Bob Menendez, D-N.J., and Bill Cassidy, R-La., and 191 members of the House, led by Linda Sanchez, D-Calif., also expressed their desire to see the IRS adopt the recommendations of the coalition and reduce the strain on both taxpayers and on the agency.
Align requests for account holds with the time it takes the IRS to process any penalty abatement requests – similar recommendation also included in the 2021 National Taxpayer Advocate report Offer a reasonable cause penalty waiver, similar to the procedures of first time abate administrative waiver Provide taxpayers with targeted relief from the underpayment and the late payment penalty for the 2020 and 2021 tax year"All of the recommendations put forth by the AICPA and the Coalition are actions that we believe the IRS can legally take right now to provide immediate relief to taxpayers – but we would welcome more details from the Commissioner on what he believes the IRS can do and what might require congressional action," said AICPA President and CEO Barry Melancon.
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