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Search Results: keywords:"irs penalties"

  • H. J. RES. 65 is a joint resolution that expresses the United States Congress's disapproval of a specific rule from the Internal Revenue Service (IRS). This rule, titled "Rules for Supervisory Approval of Penalties," was published in the Federal Register on December 23, 2024....

    Simple Explanation

    Congress made a decision that they don't like a new rule from the IRS about how bosses approve penalties, and they want to make sure it doesn't get used.

  • The Small Business Taxpayer Bill of Rights Act of 2025 aims to protect the rights of small business taxpayers by modifying various standards and procedures related to taxes. It increases eligibility for small businesses to recover legal costs, enhances penalties for...

    Simple Explanation

    The Small Business Taxpayer Bill of Rights Act of 2025 is a law that helps protect small businesses when dealing with taxes. It makes rules fairer, helps small businesses save money if they win against the tax office, and makes sure every problem gets a fair look without sneaky talk behind the scenes.