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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 ...
What to know about the failure-to-pay waiver provision. The penalty relief is automatic for taxpayers who owe back taxes, though it’s limited to tax bills of $100,000 or less, Rob Seltzer, a ...
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 ...
Last fall, the IRS launched an initiative to collect from wealthy individuals who have not paid the taxes they owe. The agency identified about 1,600 taxpayers with more than $1 million in income ...
If you owe federal income tax and can’t pay in full, the IRS Fresh Start program can help you get caught up. Fresh Start was established by the federal government in 2011 to offer some relief to ...
No one wants to deal with the financial pressure of keeping up with back taxes. If you are carrying a tax burden that you cannot afford to pay, seeking tax relief is a good option.
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