The Internal Revenue Service has made changes that advocates say represent a significant victory for taxpayers who make honest errors on their returns.
The IRS modification is aimed at reducing penalties for taxpayers who fail to pay the correct amount of tax or miss filing deadlines, according to agency insiders who described the move as a "major taxpayer win."
The specific details of the changes and how they will affect individual filers remain to be seen as the agency continues to roll out implementation guidance.
