IRS Outlines Additional Steps to Assist Unemployed Taxpayers
The Internal Revenue Service recently announced that they will be taking additional steps to assist people having difficulties meeting their tax obligations because of unemployment or financial problems.
This is a big step for helping taxpayers, as previously the IRS Offer in Compromise unit would typically reject the offer of a taxpayer who has no income, or has unemployment income only. They would use the income valuation of past employment to calculate the taxpayers ability to pay, which was in no way representative of what was reality. This action now opens the door for the submission of valid offers of a tax reduction for qualifying taxpayers who are unemployed, but previously could not qualify for the program.
The IRS offer in compromise program is an agreement between a taxpayer and the IRS to resolve the taxpayer’s IRS dues for less than the full amount owed.
Tax Tiger specializes in the representation of taxpayers to resolve the back tax liabilities in the taxpayers best interest.
Latest posts by admin (see all)
- Stock Transactions Can Complicate Taxes If Not Properly Reported - March 2, 2018
- Here are a few helpful summer tips from a trusted San Diego tax lawyer - August 19, 2015
- Involved in Tax Fraud? Get in touch with a Sacramento tax attorney! - August 17, 2015
