Fairmark.com

The IRS has a responsibility to pursue collection when taxpayers fail to meet their obligations. An overly rigid approach can produce hardship, however, without necessarily enhancing government revenue. Recognizing this reality, the IRS has announced what they call “a new effort to help struggling taxpayers get a fresh start.” They’ve increased the dollar threshold at which they’ll impose liens, made it easier to obtain lien withdrawals, and implemented other changes that should be helpful to many individuals and small businesses that are unable to pay their taxes. Click here for the IRS announcement.

Posted February 28, 2011
Filed under General Taxation, IRS Guidance, News