IRS Rolls Out COVID-19 Penalty Relief, Aiding Millions with Back Taxes
The IRS has made a big move to help folks dealing with overdue taxes, announcing fresh penalty relief for around 4.7 million individuals, businesses, and tax-exempt groups who missed automated collection reminder notices during the pandemic. This relief totals about $1 billion and mostly targets those earning under $400,000 annually. The COVID-19 chaos led the […]