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IRS Sends 2nd Letter to Congress to Get a Deal Done Soon on The Fiscal Cliff

The IRS has sent another letter to Congress dated December 19th,2012.Here is a excerpt from that letter.
As we consider the impact of the current policy uncertainty on the upcoming tax filing season,it is becoming apparent that an even larger number of taxpayers 80-100 million of the 150 million total returns expected to be filed-may be unable to file.Futhermore it may not be possible even to process some returns that are clearly not affected by the AMT.This situation could cause significant delays of tax refunds and unexpectedly higher taxes for many taxpayers.
If the AMT Patch is not renewed it will impact joint filers who make $45,000 and single taxpayers who make as low as $33,750.Tax Payers would be a addtional several thousands a year if the AMT Patch is not renewed.

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