The IRS has announced a variety of measures designed to bring taxpayers required to file returns but who failed to do so into compliance (Fact Sheet 2020-02). The Service’s efforts promote voluntary compliance by leveraging its processes and systems, including:
Note: Even if you aren’t required to file a return, you should do so if you’re owed a tax refund. As a reminder, the deadline for claiming a refund on a 2016 tax return is April 15, 2020.
Rules for determining whether a person is active in a business activity for passive activity rule purposes. Unless the tests are met, passive loss limits apply.