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Senate Passes Inflation Reduction Act

August 8, 2022 The U.S. Senate recently passed the $437 billion Inflation Reduction Act, a bill focusing on President Joe Biden’s domestic agenda items of tax, climate and health care.

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IRS Issues Statement on Joint Return Balance-due Notice Errors

July 27, 2022 The IRS recently released a statement acknowledging some payments made for 2021 tax returns have not been correctly applied to joint taxpayer accounts, and these taxpayers are receiving erroneous balance due notices (CP-14 notices) or notices showing the incorrect amount.

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