The IRS Now Willing to Help

Credit issues have never concerned the IRS – unless you were trying to deduct interest on personal debt, ... their tax liens to a different asset. Until now, getting approval from the IRS to complete what is known ... to be more understanding in hardship cases. IRS agents will now have grater authority to suspend tax-collection actions [more...]

Date: 2009-01-13 21:38:24

Blog posts (10) | Videos (37)
 

IRS Help for Taxpayers Owing Back Taxes

If you currently owe the IRS and are having trouble making payments due to your current financial condition, there may be relief for you from the IRS. While they won't forgive the debt, they will make ... with an installment agreement in place. They may be allowed to miss a payment or even reduce [more...]

Date: 2009-01-10 17:19:13

IRS is willing to cut taxpayers some slack this year

IRS is willing to cut taxpayers some slack this year Jan 12th, ... out. The agency also launched a five-point plan to help those who are behind in past tax debts, giving IRS agents the ability to suspend collection actions, adjust payments for back tax bills and provide lenient [more...]

Date: 2009-01-12 04:21:16

IRS Unveils Initiatives to Help Taxpayers in Financial Trouble

IRS changes offer relief to delinquent taxpayers. The IRS unveiled a series of initiatives Tuesday aimed at helping people who can’t pay their taxes ... and collection letters to taxpayers who recently lost their jobs, rely on income from Social Security ... the IRS to set up an installment plan. These plans allow taxpayers to pay their debt in monthly [more...]

Date: 2009-01-07 06:45:10

Clearer Tax Laws, Help for Struggling Taxpayers Urged

The seemingly endless reams of complex federal tax laws and regulations need to be simplified, ... Code New York Times: Gentler Tax Laws Urged on Debt Default CNNMoney: A Kinder, Gentler IRS? Wall ... on financially struggling taxpayers: "1) Make greater use of collection alternatives when economic [more...]

Date: 2009-01-09 17:03:22

Foreclosure Help is On the Way

The freeze on foreclosure sales and evictions has now been frozen until the end of January, ... mortgage debt for people filing for bankruptcy. The IRS is also stepping up to the plate to assist ... payments, many of the homes in question carry IRS tax liens. Over 600,000 such tax liens are filed [more...]

Date: 2009-01-13 03:52:55

Media Digest 11/24/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, the US government gave Citigroup (C) a bailout worth over $300 billion ... clients of UBS (UBS) are trying to settle tax cases with the IRS. Reuters writes that leaders ... . The Wall Street Journal reports that the Fed is looking at purchasing long-term debt to help [more...]

Date: 2008-11-24 08:54:11

How Tax Debt Relief Companies Can Help You Or Your Business

Author : Vlavladi Vishnu It is important to note, first, that most people are capable of working out thier own tax debt solutions with the IRS No firm, company, or representative is capable of getting a better deal for you from the IRS than you can for yourswelf Any claims to this affect should be thought of as untruths, and the person claiming thse untruths should not be handling your sensitive tax matters The IRS is a goevrnment entity which treats everyone exaclty the same under the laws [more...]

Date: 2009-09-25 05:06:03

When You Owe Money to the IRS Tax Debt Relief Can Help

The IRS may offer a settlement deal, or they may agree to a more flexible payment plan Whatever solution you agree to will be the one that you keep Failure to comply with this agreement can result in garnishment and reassessment of penalties and interest [more...]

Date: 2009-09-29 08:10:48

IRS Plan to Help Distressed Homeowners Falls Short

The Internal Revenue Service has announced a process that is supposed to make it easier for financially distressed homeowners to refinance a ... in the property above and beyond the mortgage debt plus enough to cover the tax debt, the IRS is able ... mortgage or sell a home by providing options when there is a federal tax lien blocking [more...]

Date: 2009-01-07 14:59:28

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