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Bitcoin Cryptocurrency Stock Market After Cranking Out $267 Billion in Stimulus Payments, IRS Faces Fresh Challenges – The Wall Street Journal


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Bitcoin Cryptocurrency Stock Market After Cranking Out $267 Billion in Stimulus Payments, IRS Faces Fresh Challenges – The Wall Street Journal

WASHINGTON—The Internal Revenue Service cranked out $267 billion in stimulus payments in about two months, faster than many analysts expected. But challenging work lies ahead, such as opening 10 million pieces of piled-up mail and resuming a semblance of normal taxpayer service. The agency, already struggling with budget cuts and reduced staff before the coronavirus…

Bitcoin Cryptocurrency Stock Market

WASHINGTON—The Internal Revenue Service cranked out $267 billion in stimulus payments in about two months, faster than many analysts expected. But challenging work lies ahead, such as opening 10 million pieces of piled-up mail and resuming a semblance of normal taxpayer service.

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The agency, already struggling with budget cuts and reduced staff before the coronavirus pandemic hit in March, was given the monumental task of sending stimulus payments worth $1,200 for most adults and $500 per child to help Americans ride out the…

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