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The IRS began issuing Letter 6475 last month, a letter which details information about any recent stimulus payments received. Those who received economic impact payments (EIP) last year will ...
The IRS said Friday it is sending a total of $2.4 billion in "special payments" to 1 million people, ... The agency will send a letter to recipients to let them know they will receive the payment.
The IRS is taking action against small businesses that improperly filed returns claiming a lucrative pandemic-era tax credit. The agency sent 20,000 correspondence letters disqualifying these ...
Private letter rulings (PLRs), in the United States, are written decisions by the Internal Revenue Service (IRS) in response to taxpayer requests for guidance. [1] A letter ruling is "a written statement issued to a taxpayer by an Associate Chief Counsel Office of the Office of Chief Counsel or by the Tax Exempt and Government Entities Division that interprets and applies the tax laws to a ...
An IRS soft letter is a type of communication used by the Internal Revenue Service to inform taxpayers about changes in tax law, suggest changes to their tax reporting, provide information on their reported tax items, or identify areas where it sees potential non-compliance. Unlike a formal audit letter, a soft letter is not a binding legal ...
A letter ruling binds only the IRS and the requesting taxpayer, so it may not be cited or relied on for precedent. The IRS does have the option of redacting the text of a private ruling and issuing it as a revenue ruling, which may become binding on all taxpayers and the IRS.
During the COVID-19 pandemic, the IRS stopped sending reminder notices relating to taxes still owed. Now normal operations and letters are resuming.
The IRS has sent out a letter to families, Letter 6419, detailing the amount of money taxpayers received last year in terms of advance payments.