Tax relief

Wolters Kluwer is working with state agencies to obtain similar relief.

Republican and Democratic lawmakers in the Senate and House have teamed up to introduce bipartisan legislation to assist tax-exempt cooperative organizations.

The IRS is offering extended deadlines and penalty abatement for some taxpayers.

The U.S. Treasury Department is again reducing penalties for taxpayers who didn’t pay enough of their tax bill throughout the year.

The Treasury Department and the Internal Revenue Service are lowering the withholding underpayment threshold to 80 percent.

The relief is conditioned on the partnerships providing the missing information in a separate schedule by March 15, 2020.

A pair of House Democrats has introduced a bill to extend the tax-filing deadline until May 20 to give taxpayers more time to file their taxes.

The relief applies to due dates that started on March 3.

The head of the Taxpayer Advocate Service at the IRS for 18 years will be retiring at the end of July.

Those who file their 2018 return and pay any tax due by April 15 can avoid the estimated tax penalty.