$1.2 billion in IRS penalty relief refunds coming for certain 2019 and 2020 tax returns

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$1.2 billion in IRS penalty relief refunds coming for certain 2019 and 2020 tax returns. To help struggling taxpayers affected by the COVID-19 pandemic, the IRS recently issued Notice 2022-36, which provides penalty relief to most people and businesses who filed certain 2019 or 2020 returns late.
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