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Tax Report Wall Street Journal - 5/16/2001
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Telephone — Simply to Help —Helping You |
Pressure builds on the IRS to fix a plan to compromise with taxpayers. Senate Finance Committee Chairman Charles Grassley (R. Iowa) and Senator Max Bacus (D. Mont.) join in criticizing the IRS's handling of its "offer in compromise" program. Under that program, the IRS is authorized to compromise with taxpayers who can demonstrate they can't pay all their tax debts. Even after years of criticism and numerous attempts to improve the program, IRS officials acknowledge they still take far too long to process applications. Senior officials say it is one of the IRS's most persistent problems. Sens. Grassley and Baucus are calling on the General Accounting Office, a congressional investigative agency, for a fresh investigation. "Most taxpayers have to wait more than six months to hear back from the IRS on whether their applications will eventually be denied or approved," the senators say in a joint letter to the GAO. Taxpayers "deserve better service from the IRS, especially when they are reaching out to the IRS to attempt to comply with tax laws."
Solutions are dependent upon facts & circumstances, law and the objectives. These elements vary from one time to another, from one circumstance to another and from person or entity to another
Engagement Status Letter ~ WARNING!
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