Coverage dated December 18, 2023 to December 19, 2023
IRS to waive $1 billion in penalties for people and firms owing back taxes for 2020 and 2021
Headline from ABC 30 Fresno
The IRS said it is going to waive penalty fees for people who failed to pay back taxes that total less than $100,000 per year for tax years 2020 and 2021.
ABC 30 Fresno's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
The IRS said it is going to waive penalty fees for people who failed to pay back taxes that total less than $100,000 per year for tax years 2020 and 2021.
WASHINGTON (AP) — The IRS said Tuesday it is going to waive penalty fees for people who failed to pay back taxes that total less than $100,000 per year for tax years 2020 and 2021. Nearly 5 million people, businesses and tax-exempt organizations — most making under $400,000 per year — will be eligib…
Nearly 5 million people, businesses and tax-exempt organizations — most making under $400,000 per year — will be eligible for the relief starting this week, the IRS said.
The IRS said Tuesday it is going to waive penalty fees for people who failed to pay back taxes that total less than $100,000 per year for tax years 2020 and 2021.
WASHINGTON — The IRS said Tuesday it is going to waive penalty fees for people who failed to pay back taxes that total less than $100,000 per year for tax years 2020 and 2021. Nearly 5 million people, businesses and tax-exempt organizations – most making under $400,000 per year – will be eligible fo…
On Tuesday, the Internal Revenue Service announced that it plans to waive $1 billion in penalty fees for individuals and businesses owing back taxes for the tax years 2020 and 2021.The IRS called it "a major step to help people who owe back taxes," according to a Tuesday press release.
WASHINGTON >> The IRS said today it is going to waive penalty fees for people who failed to pay back taxes that total less than $100,000 per year for tax years 2020 and 2021.
Nearly 5 million people, businesses and tax-exempt organizations — most making under $400,000 per year — will be eligible for the relief starting this week, which totals about $1 billion.
The move will provide relief for nearly five million taxpayers who may have been unaware of balances from tax years 2020 and 2021 that were growing in their accounts.
The IRS is waiving roughly $1 billion in late-payment penalties for millions of taxpayers with balances under $100,000 from returns filed in 2020 and 2021.
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IRS to waive $1 billion in penalties for people and firms owing back taxes for 2020 and 2021 | Since Then
