IRS has listed several things that they are doing to aid the Taxpayer who is financially distressed in these trying economic times. IRS is becoming more flexible for missed payments, adding additional reviews for offers in compromise on home values and looking at potential offers in compromise defaults, as some of the ways it trying to assist the Taxpayer in financial crisis. They also give steps to Taxpayers on how to maximize refunds and speed refund payments. To see how the IRS is assisting the Taxpayer, please go to this IRS link: These articles are intended to provide resources for the tax and accounting needs of small businesses and individuals. The information contained in this Website is intended to provide general information on matters of interest in the areas of tax and accounting and should not be acted upon in your specific situation without further details and/or professional assistance. Users are encouraged to contact us regarding specific situations.
http://www.irs.gov/newsroom/article/0,,id=202244,00.html
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