Friday, March 11, 2011

IRS is trying to help taxpayers facing IRS debt!

The IRS is raising the threshold before liens attach. They are also making the process for lien removal/withdrawal easier once taxes are paid.

For an unpaid assessment of $25K or less, taxpayers can get a lien withdrawn after making a debit installment payment agreement.

A new offer in compromise program will allow taxpayers, with incomes less than $100K, and a liability less than $50K, to make an offer to settle tax debt for less than the full amount, based on an IRS determination of ability to pay.





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