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The discharge of penalties for 2020 and 2021 back taxes totalled almost $1 billion. ... 2024 at 3: 20 PM. Nearly 5 million taxpayers who have unpaid tax bills from 2020 and 2021 will have almost ...
The Internal Revenue Service announced Tuesday that some tax filers who faced late-pay penalties for tax years 2020 and 2021 will have those penalties waived. The waiver will apply to filers with ...
The federal tax agency announced on Dec. 19 that it’s waiving $1 billion in penalties tied to overdue bills from the 2020 and 2021 tax years — when the IRS temporarily suspended the mailing of ...
The IRS said 5 million tax returns, filed by 4.7 million people, businesses, trusts, estates and tax-exempt organizations, are eligible, for about $206 per return. The IRS is waiving the penalties ...
Taxpayers are eligible for automatic relief if they filed a Form 1040, 1041, 1120 series or Form 990-T tax return for years 2020 or 2021, owe less than $100,000 per year in back taxes, and ...
The Internal Revenue Service announced the restart of collection notices in 2024, marking the end of a pandemic-related pause. IRS to offer pandemic-related relief on some penalties to nearly 5 ...
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