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Monday, February 28, 2011

Help For Struggling Taxpayers

One of the biggest obstacles for small businesses is dealing with the nearly crushing burden of federal taxes.  Often, the business owner ends up filing tax returns late, paying tax obligations late, and incurring terrifying penalties.  In an effort to reduce the burden of late payments for individuals and small businesses, the IRS has taken some new steps to help taxpayers get a fresh start.  These include:
  • Significantly increasing the dollar threshold when liens are generally issued, resulting in fewer tax liens.
  • Making it easier for taxpayers to obtain lien withdrawals after paying a tax bill.
  • Withdrawing liens in most cases where a taxpayer enters into a Direct Debit Installment Agreement.
  • Creating easier access to Installment Agreements for more struggling small businesses.
  • Expanding a streamlined Offer in Compromise program to cover more taxpayers.
Freya Allen Shoffner and the attorneys at Shoffner & Associates are ready and willing to help your business deal with the IRS so that you can focus on success.  Call us at 617-369-0111, or send us an email.  Anytime.

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