pamdory
Level 8
03-24-2023
09:39 AM
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I'm trying to confirm the filing threshold for this new tax. Per the text of the law the penalty is assessed if a return isn't filed if tax is owing. There is a $250,000 deduction per tax return, so I'm hoping that means if you don't owe the tax, you don't need to file.
Can anyone confirm this for me?
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