
WASHINGTON, Nov. 16 (UPI) -- About 15.4 million U.S. taxpayers could end up owing federal taxes above and beyond payroll deductions this year, a Treasury Department inspector general said.
The Internal Revenue Service said the figure in a report by the Treasury's Inspector General for Tax Administration was over-inflated, the Los Angeles Times reported Monday.
The IRS said 75 percent of taxpayers receive refunds, with the average refund at $2,700. The Treasury watchdog said that would change due to the amount withheld from taxes after the stimulus bill passed in January.
That bill provided as much as $400 for individuals and $800 for joint filers per year, with tax credits delivered through smaller payroll deductions.
The IRS said in a letter to the inspector general most would see "a reduced refund and not an out-of-pocket liability."
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WASHINGTON, Feb. 10 (UPI) --
The Nuclear Regulatory Commission approved the construction of two new nuclear reactors, the first to be built in the United States since 1978.
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ISLAMABAD, Pakistan, Feb. 10 (UPI) --
The last three of 18 new and upgraded F-16 fighter jets from the United States arrived in Pakistan, a report by the Indo-Asian News Service said.
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Local markets will probably not be swamped by waves of foreclosures following the multi-state mortgage settlement announced yesterday. Rather, the huge inventory of one to two million foreclosures will enter markets gradually....
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