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The discharge of penalties for 2020 and 2021 back taxes totalled almost $1 ... Nearly 5 million taxpayers who have unpaid tax bills from 2020 and 2021 will have almost $1 billion in penalty fees ...
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 ...
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 ...
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Read: What To Do If You Owe Back Taxes to the IRS. ... 1. Pay What You Owe or What You Can by the Due Date. Making sure to pay what you owe by the deadline will help you avoid payment penalties ...
In September, the IRS started seeking back taxes from about 1,600 taxpayers with income above $1 million and more than $250,000 in tax debt. So far, the IRS has closed 100 of those cases ...
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