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IRS Providing Penalty Relief on Nearly 5 Million 2020 and 2021 Tax Returns

|Approved Changes|United States
United States

The U.S. IRS has announced that it is providing penalty relief for individuals, businesses, and tax-exempt organizations that were not sent automated collection reminder notices during the pandemic.

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IRS helps taxpayers by providing penalty relief on nearly 5 million 2020 and 2021 tax returns; restart of collection notices in 2024 marks end of pandemic-related pause

IR-2023-244, Dec. 19…

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