The Internal Revenue Service has released an online tool to help taxpayers understand and resolve tax debt.
Individuals and businesses can explore payment options and identify next steps for resolving debt via the Tax Debt Help tool. Options include how to make a payment, payment options as well as how to settle debt for less than is owed.
The tool, according to the agency, is part of the agency's broader effort to expand digital services, which reduces the need for phone calls or in-person visits.
"This new Tax Debt Help tool reflects the agency's commitment to making tax compliance clearer, more accessible, and less intimidating for taxpayers," Frank Bisignano, IRS CEO, said in a statement. "By guiding taxpayers through their options to pay with simple, interactive questions, we're helping them understand the paths available and take confident next steps. The deployment of this new tool shows the transformation underway at the IRS and the progress the agency has already made to deliver more user-friendly, digital-first services to taxpayers."
Users are asked a series of questions about their financial situation and tax debt. Based on their responses, the tool guides them to potential payment and resolution options available through the IRS.
"These options may include payment plans, temporary delay of collections, or an offer in compromise for those who qualify," the IRS said. "By presenting options in a clear, structured format, the tool helps taxpayers make informed decisions about how to resolve their tax debt."
The tool does not require specialized knowledge and can be used at any time. It also does not require taxpayers to enter personally identifiable information, such as Social Security numbers, names or addresses.
Credit: Shutterstock
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.