The Internal Revenue Service today announced the opening of a special telephone line for taxpayers affected by the Gulf oil spill.
Individuals who have questions about the BP payments or who are experiencing filing or payment hardships because of the oil spill should contact the IRS at 866-562-5227.
The special services phone line will operate weekdays from 7 a.m. to 10 p.m. local time.
In certain cases, the IRS can assist oil spill victims by suspending collection and examination actions. Taxpayers who need this assistance must request it. Others may decide to continue making payments because interest will continue to accrue on outstanding balances, even if some penalties are abated.
In addition to postponing collection actions, the IRS continues to have a number of other ways to help taxpayers deal with oil spill issues or other economic hardships, including:
*
Added flexibility for missed payments on installment agreements and offers in compromise for previously compliant individuals.
*
Consideration of a taxpayer’s current income and potential for future income when negotiating an offer in compromise.
Accelerated levy releases.
*
Assistance of the Taxpayer Advocate Service for those experiencing economic harm and seeking help resolving tax problems that have not been resolved through normal channels.
*
Special Assistance on July 17 at Gulf Coast Offices
In addition to the new telephone line, the IRS will conduct a special assistance day on July 17 for oil spill victims in seven cities.
Taxpayers and tax preparers will be able to work directly with IRS employees to resolve tax issues, including specific topics related to the oil spill. The IRS will hold the Gulf Coast Assistance Day in the following cities:
Mobile, Ala.
*
Panama City and Pensacola, Fla.
*
New Orleans, Houma and Baton Rouge, La.
*
Gulfport, Miss.
Times and addresses will be announced soon.
Negotiating For Profit is the Blog portion of "www.NegotiatibgForALiving,com" Ezine . . the largest online negotiating publication in the world. Negotiating For Profit will include information on negotiating tips and strategies on all types of situations both business and personal, along with negotiating for a living training - turn your negotiating skills into a high income career!
Friday, July 9, 2010
Saturday, July 3, 2010
Negotiating: Happy 4th of July
As we spend this 4th of July weekend with family and friends, let’s pause for a moment and think about what this Independence Day really means. As our country goes through hard times, let us remember that the sacrifices of those that have gone before us paid so we may enjoy the opportunities and freedoms which make this the best country in the world.
Happy 4th of July to you and yours, and don’t eat too much BBQ.
James A. Gage
Happy 4th of July to you and yours, and don’t eat too much BBQ.
James A. Gage
Subscribe to:
Posts (Atom)