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IRS eases rules on tax settlements
WASHINGTON 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 today that the agency is loosening its rules for negotiating tax settlements for less than the amount owed. The agency also plans [...]

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IRS Offer in Compromise: How to Make the Process Successful
Based on the recent economic downturn, many taxpayers are facing financial pressures and now find themselves unable to pay their income tax bill. That’s why many are requesting an offer in compromise from the IRS.
But an offer in compromise is not for everybody. Many people still [...]

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