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How to Reduce Tax Liability with New IRS Penalty Relief and Installment Agreements

How to Reduce Tax Liability with New IRS Penalty Relief and Installment Agreements Reduce tax liability — The Internal Revenue Service today announced a major expansion of its “Fresh Start” initiative to help struggling taxpayers to reduce tax liability by taking steps to provide new penalty relief to the unemployed and making Installment Agreements available to more …

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How to Reduce Tax Liability

How to reduce tax liability Income tax preparers know costs and expenses are crucial part of Income tax planning, and one of the most difficult. How to reduce tax liability is contingent on what deductions you can claim. How to reduce tax liability as allowable deductions as incurred and paid. These are not mutually exclusive.  Income …

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Congress Passes Payroll Tax Liability Cut and Unemployment Benefits Extension

Congress Passes Payroll Tax Liability Cut and Unemployment Benefits Extension Congress passed legislation Friday extending the payroll tax liability cut, unemployment benefits, and the “doc fix” for Medicare physician reimbursements through the remainder of the year. This will create a $100B deficit in payroll tax liability. The House approved the measure by a vote of …

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