Tags: US | Recession | Taxpayers

IRS Eases Rules On Tax Settlements

Tuesday, 09 Mar 2010 01:51 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

The Internal Revenue Service is giving agents more flexibility to work with taxpayers who have seen their incomes drop during the recession.

IRS Commissioner Doug Shulman said Tuesday that the agency is loosening its rules for negotiating tax settlements for less than the amount owed. The agency also plans to start opening some local offices on Saturdays, beginning March 27, to give taxpayers more opportunities to resolve their tax debts.

The IRS expects to process 138 million individual tax returns this year. Most will qualify for refunds, but with the economy shedding more than 8 million jobs since the start of the recession, many taxpayers will be unable to make timely payments.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Former DC Mayor Marion Barry Dies at 78

Sunday, 23 Nov 2014 06:09 AM

Divisive and flamboyant, maddening and beloved, Marion Barry outshone every politician in the 40-year history of Distric . . .

Washington Museum Won't Give up Guns After All

Saturday, 22 Nov 2014 20:47 PM

A small museum in northwestern Washington state says it won't be removing all of the weapons from its World War II exhib . . .

State Senator Protesting Ferguson a Victim of Attempted Carjacking

Saturday, 22 Nov 2014 19:56 PM

A Missouri state senator and gun-control advocate who has protested police actions in Ferguson surrounding the Michael B . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved