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Eye on WashingtonRegulatory Update IRS Provides Relief for Cafeteria Plan Participants Due to COVID-19 On May 12, 2020, the Internal Revenue Service (IRS) released Notices 202029 and 202033 providing
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The internal revenue service releases forms and instructions for taxpayers to report income and pay taxes.
Any individual or entity that has income that meets the filing requirements set by the IRS is required to file.
Taxpayers can fill out the forms either manually or electronically, following the instructions provided by the IRS.
The purpose is to accurately report income, deductions, credits, and payments to determine the tax liability of the taxpayer.
Taxpayers must report their income, deductions, credits, and payments on the forms provided by the IRS.
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