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Archive for the 'IRS Debt' Category

Mar 30,2009, 8:21AM
By John Dillard

Utilizing the IRS Offer in Compromise Program to Get Your Taxes Back on Track
The Internal Revenue Service’s Latest Changes to the their Offer of Compromise Program is more detailed than it has been in the past. The IRS Offer of Compromise Program was initially established decades ago and the latest changes [...]

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Officials say they’ll help you work something out if you can’t afford to pay all at once. And some tax changes for 2008 may mean you’re in better shape than you think.
Kathy M. Kristof, Personal Finance
January 11, 2009
Afraid to file a tax return because you can’t afford to pay all you owe? Don’t be.
Federal tax [...]

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By Sandra Block, USA TODAY
The IRS unveiled a series of initiatives Tuesday aimed at helping people who can’t pay their taxes because they’re unemployed or experiencing other financial hardships.
As the economic downturn worsens, the IRS expects to see an increase in delinquencies among taxpayers who have ordinarily paid taxes on time, IRS Commissioner Doug Shulman [...]

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Effectur, Inc. has discovered that the IRS has made a change to the allowable living expense standards for the second time in five months. What makes this discovery so unusual is that the last change on October 1, 2007 came with waited anticipation and press. Today’s change has come with no publicity whatsoever, even despite [...]

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If you’d happened to pick up the report on boosting tax collections released by the Internal Revenue Service on August 2, you’d know it wasn’t exactly light summer reading. Entitled “Reducing the Federal Tax Gap: A Report on Improving Voluntary Compliance,” the hefty document aims to close that “gap” between the cash IRS officials think [...]

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Don’t ignore it. Don’t panic. Here’s what to do

August 13, 2007

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“I couldn’t even open it up until I got to your office, Ms. Afiya,” he said.
We had arranged with the IRS to get him caught up in filing for the last six years, and we were on track and ready to send them in. We were scheduled for Thursday; he received notice from his [...]

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