The IRS has rolled out some new initiatives to help taxpayers in trouble. Details are forthcoming but here is what we know right now.
The IRS is offering the following options, in addition to the regular tools, to provide relief during the pandemic:
Talk with a tax professional if you or someone you know has a tax problem. One of these initiatives or one of the IRS regular resolution options can help you permanently resolve your IRS problems. Act now to get help. Doing nothing only makes the problem worse.
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You can go to https://www.irs.gov/newsroom/irs-makes-it-easier-to-set-up-payment-agreements-offers-other-relief-to-taxpayers-struggling-with-tax-debts if you want more details on each type of transcript.
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How to obtain your IRS transcripts:
Online at: https://www.irs.gov/individuals/get-transcript
Phone at: 1-800-829-1040
If you want to check your IRS balance due: https://www.irs.gov/payments/view-your-tax-account
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If you or someone you know has a tax problem, call our office at 207-502-7181 or email us at jwade@jdwadelaw.com. We will be glad to help you. Otherwise, please enjoy our content and let us know if there are topics you'd like us to discuss.
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