The IRS said Tuesday it is going to waive penalty fees
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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 for the relief starting
this week, which totals about $1 billion, the agency said.
The IRS temporarily suspended mailing automated reminders to pay overdue
tax bills during the pandemic, beginning in February 2022, and agency leadership says the pause in automated reminders is a reason behind the decision to forgive the failure-to-pay penalties.
"Due to the unprecedented effects of the COVID-19 pandemic, these
reminders would have normally been issued as a follow up after the initial notice," the IRS said in a statement.
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