Because of the late passing of the American Taxpayer Relief Act of 2012 in early 2013, the IRS has provided a late-payment penalty and interest relief for taxpayer’s 2012 returns. The Relief Act affected a number of tax forms which resulted in a delay of the IRS’s ability to make final forms available. The delays may have affected some taxpayer’s ability to timely estimate and pay their 2012 tax liability when requesting an extension to file their return.
To obtain the relief, taxpayers must have properly requested an extension to file their tax returns. The tax return must also have included the forms eligible for relief and the payment must be made by the extended due date. To see a list of eligible forms, click here.
Note: Taxpayers that have paid their tax by the due date of their extension and received an assessment notice should contact a tax professional to determine if they are eligible for the relief.
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