Tax resolution companies are the light at the end of the tunnel for such taxpayers
Costa Mesa, CA (PRWEB) January 23, 2012
The IRS has announced that they will host the second of a series of public meetings on Wednesday, January 25th. This is to receive feedback on implementing long-term changes to the tax system to reduce the burdens for taxpayers. They state, “The goal of this initiative, called the Real-Time Tax System, is to improve the tax filing process by reducing burden for taxpayers and increasing overall compliance. Under such a system, the IRS could match information submitted on a tax return with third-party information at the beginning of return processing and provide the opportunity for taxpayers to fix the tax return if it contains data that does not match IRS records. Currently, the IRS conducts a significant number of compliance activities months after the tax return has been filed and processed. At this public meeting, IRS officials will solicit feedback and input from outside stakeholders. This second meeting will feature representatives of large and small businesses, financial institutions, software providers and state revenue commissions.
While it is exciting that the IRS is looking to make tax paying easier, and encouraging more compliance, there is still the issue of Americans who owe back taxes. Tax resolution companies are the light at the end of the tunnel for such taxpayers. Resolving tax debt now makes it so that these new tax benefits can be utilized by all. Once a hole has been dug, in regard to tax debt, year after year the hole gets deeper. This meeting is allowing the IRS to broaden their horizons and find ways to actually help taxpayers. Of course, this is all for the future. For Americans being levied and garnished now or just suffering from a large debt, tax resolutions companies can get them out of their holes. IRS Commissioner Doug Shulman has outlined a vision that would move the agency away from the traditional “look back” model of compliance, and instead perform substantially more “real time,” or upfront matching of tax returns when they are first filed with the IRS. So no more looking back, let’s move forward Americans!