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Uncle Sam does it again — the IRS has announced tax law changes, extensions

Uncle Sam does it again! On Dec. 22 the IRS issued a news release IR-2006-195 announcing tax law changes and extending several provisions that had expired. Previously, congress passed new tax acts in May and also in August. However, nothing was done regarding several tax laws that were scheduled to expire.

The IRS proceeded to finalize all of the 2006 forms for the filing season. Then, at the last minute

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