Monday, July 12, 2010

IRS help with Gulf oil spill issues

The IRS has created a Gulf Oil Spill Information Center, and set up a Dedicated Phone Line for Gulf Oil Spill Victims, 866-562-5227.

The IRS is also planning a Special Assistance Day, July 17th in four states:

  1. Alabama: Mobile.
  2. Florida: Panama City and Pensacola.
  3. Louisiana: New Orleans, Houma and Baton Rouge.
  4. Mississippi: Gulfport.

 According to the IRS,
The IRS continues to have a number of ways to help taxpayers dealing with oil spill issues or other economic hardship issues, including:
  • Assistance of the Taxpayer Advocate Service for those taxpayers experiencing economic harm, who are seeking help resolving tax problems that have not been resolved through normal channels.
  • Postponement of collection actions in certain hardship cases.
  • Added flexibility for missed payments on installment agreements and offers in compromise for previously compliant individuals having difficulty paying.
  • IRS employees will be permitted to consider a taxpayer’s current income and potential for future income when negotiating an offer in compromise.
  • Accelerated levy releases for taxpayers facing economic hardship.

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