IRS May Help Taxpayers Facing Financial Hardships
Sunday, January 11th, 2009The IRS issued a statement saying that they are taking steps to help financially distressed taxpayers. Depending on the circumstances, taxpayers in hardship situations may be able to adjust payments for back taxes, avoid defaulting on payment agreements or possibly defer collection action.
In other words, for taxpayers who have lost their job, seen a significant decline in their income, been forced to close down their business - the IRS “may”
