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Compliance ALERT IRS Issues Final 2021 ACA Information Reporting Forms; Good Faith Penalty Relief Ends November 19, 2021Action Required: Review changesPrepare to comply with applicable filing and
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What is good faith relief ending?
Good faith relief ending is a process that allows individuals to request relief from penalties for late filing of tax returns.
Who is required to file good faith relief ending?
Individuals who have genuine reasons for filing their tax returns late are required to file for good faith relief ending.
How to fill out good faith relief ending?
To fill out good faith relief ending, individuals must provide detailed explanation of why their tax returns were filed late and any supporting documentation.
What is the purpose of good faith relief ending?
The purpose of good faith relief ending is to provide a way for individuals to request relief from penalties if they have valid reasons for filing their tax returns late.
What information must be reported on good faith relief ending?
Information such as the reason for late filing, any supporting documents, and details of previous compliance history must be reported on good faith relief ending.
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