Post-Tax Deadline, IRS Announces New Online Tool to Help Taxpayers with Tax Debt

In the wake of the April 15 federal income tax filing deadline, the IRS has announced that it is launching a new tax debt help tool on the IRS website. The tool has been created to help taxpayers identify and understand payment options and recommended next steps when it comes to resolving tax debt. The tool uses a series of user-friendly questions about the taxpayer's financial situation and tax debt specifically in order to direct the taxpayer to payment and resolution options that are available based on the taxpayer's specific situation. The options might include installment payment plans, delays of collections initiatives, offers in compromise, etc. Taxpayers can access the tool without providing a Social Security number, name or other identifying information. For more information on the federal income tax filing requirements, visit Tax Facts Online. Read more: Q 647