October 26, 2011

Tax Help For Struggling Taxpayers

More taxpayers than ever before are struggling to pay their taxes.  In response to this concern, the IRS is providing tax help to individuals and small businesses that are having difficulties meeting their tax obligations.

Back in February, the Internal Revenue Service announced a tax help initiative for taxpayers to get a fresh start with their tax liabilities. This tax help plan centers on changes to the collection practices that will lessen the impact on taxpayers.

Tax help for taxpayers will come in the form of changes to the IRS Lien Policies that will: significantly increase the dollar threshold when liens are generally issued, resulting in fewer tax liens, making it easier for taxpayers to obtain lien withdrawals after paying a tax bill, and withdrawing liens in most cases where a taxpayer enters into a Direct Debit Installment Agreement.

Taxpayers struggling to meet their tax obligations will benefit from the IRS policy changes.

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