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'This is a gift': The IRS is waiving $1 billion in penalties for Americans that owe back taxes — here's what you need to knowAhead of resuming normal collection notices ... and 2021 debts, the IRS will issue a refund or credit the payment toward another outstanding tax liability. “This is a gift,” Jim Buttonow ...
Specifically, the IRS ... of gift tax liabilities, provided you stay within these limits. In 2025, the annual exclusion will be raised to $19,000 (or $38,000 for married couples) due to the ...
ALMageddon tax "schemes" often reduce or eliminate long-established and lawful methods of making charitable gifts. IRS warning ... made the contribution, or the due date, including extensions ...
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