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July 7, 2021

Federal Income Tax

General Questions

Tax payers will not be able to look back on 2020 without remembering the covid-19 pandemic. Due to the pandemic there were changes to penalties involved in retirement account withdrawals, there were stimulus payments to individuals, and there was the creation of the Payroll protection act for small businesses to name a few. Research the changes that occurred due to the pandemic, discuss the tax ramifications, include any additional forms that will have to be filed. You need to include at least 2 sources in your original post

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