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Latest revision as of 01:07, 17 May 2026

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B) Interest earned, although not paid, during a bond year, must be accrued after the bond year and reported as taxable income for that calendar year in in which the bond year ends.

Late Returns - Anyone filed your tax returns late, is it possible to still take away the tax owed? Yes, but only after two years have passed since you filed the return along with IRS. This requirement often is where people meet problems when trying to discharge their bill.

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