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Fewer IRS staff members, tax law changes and a lack of functioning printers have created a backlog of millions of 2019 individual returns.
Notices were mailed in February in125,000 casestargeting wealthy taxpayers who had not filed tax returns since 2017. These were cases in which the IRS had received third-party information — such as through Forms W-2 and 1099 — indicating that these people received income of more than $400...
Obamacare Is reserved for us whether you like it or not. Watch out, doctors! Your payments from the government will come down as dust settles in a year or two. You thought dealing with theinsurance companiesis bad. Just wait for the forms from Obamacare. You have to justify this charge...
large corporationswith assets over $250 million with an expected “nearly triple audit rates” to 22.6% in tax year 2026, up from 8.8% in tax year 2019; large, complex partnershipswith assets over $10 million, with an “increase audit rates by nearly ten-fold” on going from 0.1% in 2...
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