The Tax Code is constantly changing. And even when Congress is not making changes, the IRS changes how they operate. This year, the IRS has changed how they deal with taxpayers in relation to making payments on amounts that are due. In an effort to help struggling taxpayers, the IRS announced a series of new steps to help people get a fresh start with their tax liabilities. The IRS implemented new policies and programs to help taxpayers pay back taxes and avoid tax liens.
“We are making fundamental changes to our lien system and other collection tools that will help taxpayers and give them a fresh start,” IRS Commissioner Doug Shulman said. “These steps are good for people facing tough times, and they reflect a responsible approach for the tax system.”
The changes to IRS practices that will lessen the negative impact on taxpayers include:
- Significantly increasing the dollar threshold when liens are generally issued, resulting in fewer tax liens.
- Making it easier for taxpayers to obtain lien withdrawals after paying a tax bill.
- Withdrawing liens in most cases where a taxpayer enters into a Direct Debit Installment Agreement.
- Creating easier access to Installment Agreements for more struggling small businesses.
- Expanding a streamlined Offer in Compromise program to cover more taxpayers.
A taxpayer looking at this information might ask, “How does all of this impact my tax liability?” One way would be to hire an attorney. But for too many people that is just too expensive. Another solution would be to purchase software that would instruct them on how to deal with the IRS. Working with the easy-to-use online platform at SettleMyTax gives the taxpayer up-to-date information on how to handle tax deficiencies with the IRS on their own and without expensive attorney fees.
Trying to handle tax disputes with the IRS on your own without SettleMyTax can be frustrating because the tax code and procedures are constantly changing. By using a platform designed by tax attorneys, you can be certain to obtain the information that you need, and you can be confident that the information is accurate. This new information is beneficial to the taxpayer, but only if the taxpayer is aware of it and knows how to use it to their advantage. Those are two things that SettleMyTax gives any user.