The Internal Revenue Service is waiving the penalty for many taxpayers whose withholding and estimated tax payments fell short of what they owed for 2018. The IRS said there is no penalty for those who paid at least 85 percent of their tax liability for the year, down from the previous 90 percent threshold.

Sales tax software company, TaxJar has closed a $60 million equity round of funding. The company, which serves eCommerce businesses and developers, says it will use the proceeds to expand its employee base and speed up product development and research.

The IRS Free File program has begun for this year’s tax season. The free online software program, accessible through IRS.gov, is available for qualifying taxpayers to use in advance of the filing season, which begins on January 28.