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IRS unresponsive as Americans seek answers on missing stimulus payments

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But instead of the instantaneous payments, some residents are receiving messages that they can only get their checks after filing their 2020 tax returns, per CNBC. According to the IRS, people need to check their website for answers — but CNBC writes that the website doesn't offer much in the way of answers to peoples' problems.

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IRS Error Puts Stimulus Payments In Wrong Accounts

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There were around 13 million defunct accounts that accidentally received stimulus check payments by the IRS , which the agency is now attempting to get to their right places, according to The New York Times on Sunday (Jan. The tax-prep companies say they're working to help the IRS resolve the issue.

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IRS Corporate Audits Drop 71 Pct, Individual Audits Fall 65 Pct

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The number of tax audits on corporations plunged amid the pandemic, with the IRS saying in the National Taxpayer Advocate’s “Objectives Report to Congress” report for Fiscal Year 2021 that it began 716 corporate examinations from April 1 to June 1 this year compared to 2,445 during the same time last year, a 71 percent drop.

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TurboTax Rolls Out Free Tool For Faster Stimulus Payments

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Online tax preparation service TurboTax has announced that it is rolling out a free, stimulus registration solution to assist people who are not required to file a tax return. The IRS will be using federal tax returns from 2018 or 2019 to determine eligibility. There are roughly 10 million people in the U.S.

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Stimulus Check Visa Debit Cards Being Mailed To 8 Million Households

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The IRS is supposed to distribute all payments by Friday, Jan. Eligible taxpayers who didn’t receive their payment will need to claim it on their 2020 tax returns, CNBC reported. People have been frustrated by not being able to reach the IRS about the payments.

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Bitcoin Daily: IRS Eyes Hiring Contractors To Help With Crypto Taxes; Phemex Exchange To Launch Subscriptions Instead Of Charging Per Trade

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The IRS is seeking to have contractors assist in auditing digital currency tax returns, according to a post on CryptoTrader.Tax ‘s website. million NGV Ventures-led Series A funding round earlier in 2020. Phemex publicized a $3.5

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It’s Tax Day, But Paper Filers Might Not See Their Refunds Until 2021

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Today (July 15) is Tax Day , and despite it coming three months later than normal due to COVID-19, several million Americans will be scrambling to get their returns (or at least their applications for extensions) out the door by midnight. Those returns don’t present much of a challenge during the pandemic.

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