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  2. 'This is a gift': The IRS is waiving $1 billion in penalties ...

    www.aol.com/finance/gift-irs-waiving-1-billion...

    Millions of Americans who owe back taxes to Uncle Sam are being given what amounts to a “get out of jail free” card by the Internal Revenue Service (IRS).. The federal tax agency announced on ...

  3. According to the IRSPenalty Relief due to ... If you have received an official IRS notice about your penalty, there should be a toll-free contact number at the upper right-hand side of the ...

  4. Internal Revenue Service Restructuring and Reform Act of 1998

    en.wikipedia.org/wiki/Internal_Revenue_Service...

    Of these, 311 were due to employees' failure to file a federal tax return or understatement of their tax liability, and would not have affected taxpayers. [ 7 ] Stephen A. Whitlock implemented the Service's plan for mitigation of penalty under Section 1203 of the Restructuring and Reform Act of 1998 and set up the processes and procedures for ...

  5. IRS penalties - Wikipedia

    en.wikipedia.org/wiki/IRS_penalties

    Penalty for Failure to Timely Pay Tax: If a taxpayer fails to pay the balance due shown on the tax return by the due date (even if the reason of nonpayment is a bounced check), there is a penalty of 0.5% of the amount of unpaid tax per month (or partial month), up to a maximum of 25%.

  6. Free File - Wikipedia

    en.wikipedia.org/wiki/Free_File

    The IRS Free File Program is a service that allows U.S. taxpayers to prepare and e-file their federal income tax returns for free. Through the program, commercial tax software companies that are part of the Free File Alliance offer free tax preparation software to tax filers with annual adjusted gross income (AGI) below $73,000 for Tax Year 2022.

  7. IRS to offer pandemic-related relief on some penalties to ...

    www.aol.com/irs-offer-pandemic-related-relief...

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