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The discharge of penalties for 2020 and 2021 back taxes totalled almost $1 billion. ... Nearly 5 million taxpayers who have unpaid tax bills from 2020 and 2021 will have almost $1 billion in ...
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 ...
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 ...
Pay what you owe today, or at least some of it: Even if you secure an extension to file, most people are required to pay whatever they still owe the IRS for tax year 2023 by April 15.
The Internal Revenue Service on Tuesday announced that it will resume mailing automated reminders of past-due taxes to those who owe back taxes, something it had suspended doing in February 2022 ...
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 ...