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| IRS Offers Help To Struggling Taxpayers |
by Leroy Baker, Tax-News.com, New York
Sunday, March 14, 2010
The US Internal Revenue Service (IRS) has announced several additional steps
it is taking this tax season to help people having difficulties meeting
their tax obligations because of unemployment or other financial
problems.
The steps, an expansion of efforts that began more than a year ago,
include additional flexibility on offers in compromise for struggling
taxpayers, extra opportunities to work out tax problems face to face
with the IRS, special outreach with partner groups to unemployed
taxpayers and the availability of more information on a special section
of the IRS website.
“Times are tough for many people, and the IRS wants to do everything
it can to help people who have lost their job or face financial
strain,” IRS Commissioner Doug Shulman said. “We continue to make
adjustments to key programs and expand ways for people to get help.
We’re doing everything we can to help ease the burden on struggling
taxpayers.”
Specifically, IRS employees will be permitted to consider a
taxpayer’s current income and potential for future income when
negotiating an offer in compromise - an agreement between a taxpayer
and the IRS that settles the taxpayer’s debt for less than the full
amount owed. Normally, the standard practice is to judge an offer
amount on a taxpayer’s earnings in prior years. The IRS may also
require that a taxpayer entering into such an offer in compromise agree
to pay more if the taxpayer’s financial situation improves
significantly.
In addition, IRS will hold hundreds of special Saturday open houses
to give struggling taxpayers more opportunity to work directly with IRS
employees to resolve issues. During these sessions, taxpayers will be
able to address economic hardship issues they may be facing or get help
claiming any of the special tax breaks in last year’s American Recovery
and Reinvestment Act, including the homebuyer tax credit, the American
Opportunity Credit, the Making Work Pay credit, and the Expanded Earned
Income Tax Credit.
The IRS is also working and coordinating with state departments of
revenue and state workforce agencies to help taxpayers who are having
problems meeting their tax liabilities because of unemployment or other
financial problems. These coordinated efforts may include opportunities
for taxpayers to make payment arrangements and resolve both federal and
state tax issues in one place.
In addition, the IRS has said that it will accelerate lien relief
for homeowners if a taxpayer cannot refinance or sell a home because of
a tax lien. As previously announced, a taxpayer seeking to refinance or
sell a home may request the IRS make a tax lien secondary to the lien
by the lending institution that is refinancing or restructuring a loan.
The taxpayer may also request the IRS discharge its claim if the home
is being sold for less than the amount of the mortgage lien under
certain circumstances.
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