| Need Help Erasing IRS Debt?
(ARA) - Do you owe Uncle Sam money? Are you struggling with IRS debts and at a loss about what to do? Don't despair, you are not alone. Many Americans owe back taxes, or cannot afford to pay their IRS debts, but there are places you can turn for help.A good place to start is with an understanding of the different IRS tax debt strategies. There are five of them: 1. Offer in Compromise: a program where you can settle your tax debts for less than what you owe. Requires making a lump sum or short term payment plan to pay off the IRS at a reduced dollar amount.2. Installment agreement: a monthly payment plan for paying off the IRS.3. Partial payment installment agreement: a somewhat new debt management program where you have a long term payment plan to pay off the IRS at a reduced dollar amount.4.
Skunked? Tax rebate reeks of government deception
I received my copy of the $40 million message from the IRS two weeks ago. Most taxpayers did.
Really ticked me off.
Why on earth would our government spend $40 million to tell us we may or may not receive a rebate of $300 or more if we qualify for the economic stimulus payments?
It had exactly the same information that's been printed in this column and thousands of newspapers as well as being broadcast on radio and television since the legislation was passed. And it was written in government-speak, the same convoluted language the feds hide behind all the time.
If they were going to spend $40 million to send us a letter, why not something a tad more honest. Like:
"Dear Smiths, We have decided to increase our nation's debt by sending you some money.
IRS Announces Tax Rebate Mailing Schedule
The IRS will begin mailing more than 130 million economic stimulus payments starting on May 2. The mailings are expected to be completed by early July, according to the IRS. In addition, the IRS has a new online calculator that can help you determine how much you will be getting from the government. The payments will be made by direct deposit to people who choose to receive their 2007 income tax refunds through direct deposit. All others will receive their payment in a check. The payments will be sent out in the order of the last two digits of the Social Security number used on the tax return. In a joint return, the first number listed will be used. Some lower income workers and veterans who don't normally need to file a return will need to do so in order to receive the stimulus payment.
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