If you failed to file your annual return by Tax Day, you are facing the IRS' failure to file penalty. While you might receive a letter from the IRS informing you that you are being penalized, the failure to file penalty begins immediately once you miss the filing deadline. In this scenario, your options depend on your individual circumstances. Learn more from Boston tax attorney Kevin E. Thorn, Managing Partner of Thorn Law Group.

The Internal Revenue Service (IRS) released its 2024 Data Book at the end of May. While the Data Book contains filing statistics, taxpayer survey results, and other general information about the IRS’ administration of the federal tax system, it also highlights some of the agency’s recent enforcement actions and priorities. This provides some important insights for taxpayers, as Boston IRS tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group, explains.