Pasadena, CA March 13, 2009 – The current recession offers the best opportunity for individuals and businesses to address their tax issues and effectuate a tax settlement with the IRS. The Internal Revenue Service has announced its willingness to resolve and settle delinquent tax accounts; this will help those taxpayers who’ve been struggling for years to fulfill their tax obligations. Tax relief is going to be easier for those who are also facing huge medical bills, recent job loss as well as those who are relying on Social Security.
“This is a very difficult period for the whole country but most specially to individuals who are heavily burdened by the financial obligations that they have to meet,” says Mike Habib, an Enrolled Agent who specializes in providing expert tax help to individuals and businesses. “With the IRS promising to be more flexible, the current conditions are giving rise to an opportunity for Americans to resolve their tax concerns and get proper help.”
The IRS has changed its policies for tax payments in response to the ongoing recession. It has taken on a more humane approach when it comes to addressing people who are finding it difficult to pay their taxes due to financial burdens. IRS employees are now provided with greater authority to be able to suspend collections particularly in situations where individuals are incapable of making their payments because of emergencies such as job loss or substantial medical bills.