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April 13, 2018

New tax law leaves IRS with a huge task ahead

By MARCY GORDON
AP Business Writer

WASHINGTON — The acting head of the IRS says the current tax-filing season has gone well, while acknowledging the tough challenge the cash-strapped agency faces of administering the new tax law that will affect 2019 returns.

Acting IRS Commissioner David Kautter told Congress Thursday that some 75 million refunds totaling about $226 billion have been issued so far, averaging $2,900 — up $13 from last year. The final year under the “old” tax regime, 2017, has to be accounted for by taxpayers in returns by Tuesday.


 
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