Tax News

You’ll be happy to know:
The IRS waives $1.2 Billion in Late-Filing Penalties

Big relief for struggling people and business who filed late their tax returns
(For tax years 2019 and 2020)

Those of you who already paid the penalties will get refunded.
Or get credits.

The IRS Commissioner, says the penalty relief is automatic if you qualify.
No need to call.
Eligible tax returns need to be filed on/before September 30, 2022.

The IRS made a promise to increase the pace on its processing of paper tax returns.
Mid August backlog of unprocessed tax returns: close to 9 million.
But the agency’s pace is steadily increasing.
The goal is to get to a manageable level by the end of this year.

Let’s hope so.

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Mariana Fieraru
Mariana Fieraru, an Eastern European transplant, fell in love with her new home shortly after landing in New York. She "discovered" pizza! Years later she still loves pizza. And so do her two feathered-kids, Sunny and Flipper

Mariana worked on both, the east and the west coast.
Big or small, each project she worked on helped define the importance of gaining and sustaining a competitive edge in an increasingly complex business environment.

Business know-how, love of teaching and writing – all combined in 2006 to form OBI.
Its mission: to make learning fun! And easy.

Through its training, consulting, and publications OBI builds bridges of knowledge to take you from where you are to
where you want to go. Using a mix of serious, informal, analytical, and optimistic approach, OBI truly makes learning fun.

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