Tag: COVID-19 tax impact
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IRS Grants Automatic Relief to Millions in Taxpayer Penalty Waivers
In a significant development, the Internal Revenue Service (IRS) has recently announced crucial relief measures designed to benefit an estimated 5 million taxpayers. The tax alert, issued by the IRS, outlines specific provisions aimed at alleviating financial burdens for a substantial number of taxpayers. This relief comes at a time when individuals and businesses alike…