IRS announces help with tax debt
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.
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