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IRS Announces Penalty Relief for Nearly 5 Million Tax Returns

IRS Announces Penalty Relief for Nearly 5 Million Tax Returns

by Taxing Subjects | Jan 5, 2024 | Tax Tips and News

The IRS has announced new penalty relief totaling around $1 billion to approximately 4.7 million individuals, businesses, and tax-exempt organizations. This relief is aimed at those who did not receive automated collection reminder notices during the pandemic, which...
IRS Updates Flurry of Clean Energy Provisions in Closing Days of 2023

IRS Updates Flurry of Clean Energy Provisions in Closing Days of 2023

by Taxing Subjects | Jan 4, 2024 | Tax Tips and News

The Internal Revenue Service updated and modified guidance surrounding an assortment of clean energy credits and other provisions over the closing days of 2023. Some of the changes will be in effect next tax season, while other alterations will not be realized for a...
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