IRS announces help with tax debt

Author: External Author | | Categories: Accountants , Business Tax Preparation , Certified Public Accountants , Tax Planning , Tax Resolution

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The IRS on Monday announced a new program, the Taxpayer Relief Initiative, to help taxpayers who are unable to pay their taxes because of the pandemic (IR-2020-248). Taxpayers who owe taxes and could not pay have always had options such as installment agreements and offers in compromise, but now they have more options.

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Original Article Source Credits:  Journal of Accountancy , https://www.journalofaccountancy.com/

Article Written By:  Sally P. Schreiber, J.D.

Original Article Posted on:  November 3, 2020

Link to Original Article:  https://www.journalofaccountancy.com/news/2020/nov/irs-help-with-tax-debt-during-coronavirus-pandemic.html



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