Wednesday, March 10, 2010

The IRS and tax time

It appears that the IRS is showing some compassion, if the IRS could have compassion, towards the millions of people who have a tax bill and are unemployed or underemployed.

IRS Commissioner Doug Shulman says that the agency will loosen it's rules for negotiating tax settlements. One thousand more offices will be open as of March 27, to help taxpayers through the system. Taxpayers will have to show that they are unable to pay, but whatever you do, don't not file a return as the rules change and the taxpayer is not eligible for the program.

3 Comments:

At March 15, 2010 at 1:15 PM , Blogger Defeated in Fram. said...

What exactly do you mean by do not file? Are you saying don't file at all, or don't file until they have this all worked out? Personnally, I don't think I should have to pay a dime of taxes since I have been out of work for more than a year. Let AIG bail me out, after all, I bailed them out.

 
At March 15, 2010 at 1:39 PM , Blogger Jim Pillsbury said...

We have to file our taxes to be in the "compassion" program, DiF. Not filing will only end up hurting more in the furure. There is no escaping the IRS and it's ability to take our money owed in taxes.

On AIG.. more facts are slowing coming from the feds on exactly who knew what and when. On 60 minutes last night, one very smart guy saw this coming in 2007. He claims only a hand full of people really knew what the problems were. And I still believe, more heads will roll when the bottom line truth comes out.

 
At March 15, 2010 at 4:41 PM , Blogger Arnold said...

Good luck with the IRS deal people. They do not have a compassionate bone in the entire organization. If they are going to let people slide on paying their taxes, you can bet there is going to be some benefit for them, like a huge interest rate on the amount you owe them which will double it by the time 6 months has gone by.

 

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