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Daily Archives: January 10, 2024

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IRS Restarts Collection Notices But Adds Penalty Relief

Blog, Personal Finance, TaxBy Editorial TeamJanuary 10, 2024

The IRS unveils a groundbreaking $1 billion penalty relief initiative for 4.7 million entities hit by pandemic-related back taxes. Targeted at those with incomes below $400,000, this move aims to ease the burden on individuals, businesses, and tax-exempt organizations.

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