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On December 19, 2023, the IRS released Notice 2024-07, granting automatic relief to 5 million eligible taxpayers who owed more taxes due to penalties...
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On December 19, 2023, the IRS released Notice 2024-07, granting automatic relief to 5 million eligible taxpayers who owed more taxes due to penalties...
Taxpayers affected by pandemic disruptions will receive $1 billion in penalty charge waivers from the IRS. Individuals who owed less than $100,000 in taxes...