IRS gives Leeway to those Owing Back Taxes

more+
less-

In a move to help fnancially strapped taxpayers make a fresh start, the IRS will implement a few new regulations. The agency plans to fle fewer tax liens and make it easier to get tax liens withdrawn, which in turn clears taxpayers’ credit records of the bad mark. This marks the latest effort by the IRS to go easier on taxpayers in this diffcult economy.

In light of the fact that the number of tax liens has skyrocketed to 1.1 million in 2009, an alarming 550% increase from 1999, this is a welcome move. Even the National Taxpayer Advocate, an independent voice representing the interests of taxpayers within the IRS, Nancy E. Olson agrees. She said in a statement, that the IRS is making a “signifcant step in the right direction” but that it's not clear how many taxpayers will be spared liens under the new policy.

Please see full article below for more information.

LOADING PDF: If there are any problems, click here to download the file.


DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Darrin Mish, Tampa Tax Attorney, The Law Offices of Darrin Mish, P.A. | Attorney Advertising

Written by:

more+
less-

The Law Offices of Darrin Mish, P.A. on:

JD Supra Readers' Choice 2016 Awards
Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.

Already signed up? Log in here

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.
×
Loading...
×
×