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Banking industry blasts federal proposal to give additional data to IRS

Banking industry blasts federal proposal to give additional data to IRS
crainscleveland.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from crainscleveland.com Daily Mail and Mail on Sunday newspapers.

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Will Banks Have To Report All Transactions Over $600 to IRS Under Biden Plan?

Will Banks Have To Report All Transactions Over $600 to IRS Under Biden Plan?
snopes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from snopes.com Daily Mail and Mail on Sunday newspapers.

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Targeted News Service

Targeted News Service
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Shrinking The Tax Gap | Blog For Iowa

Shrinking The Tax Gap | Blog For Iowa
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RS in chaos: Nearly 35 million tax returns are STILL unprocessed

The National Taxpayer Advocate submits two annual reports to Congress
The most recent report found a perfect storm at the IRS
The pandemic combined with increased demands on it, and a reduced budget
As of May, 35 million returns had still not been processed, the NTA reported
Millions of people are still waiting for a tax refund, averaging $2,800
Phone calls were rarely answered by a human being, adding to the frustration
Biden is planning to increase the budget of the IRS to deal with the challenges ....

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