Getting a letter from the IRS saying youre past due on a tax debt can be frightening.
That fear often drives people to tax settlement companies that offer hope of significant debt reduction.
IRS Commissioner Danny Werfel says dont believe the hype. Thats especially good advice now, given a recent action by the agency.
In 2022, short-staffed and struggling to dig out of an enormous pandemic-related backlog, the IRS temporarily suspended the mailing of automated reminders to taxpayers about overdue tax bills for 2020 and 2021. The invoices would have normally been issued after an initial balance-due notice was issued.
With many pandemic issues behind it and staffing up thanks to the Inflation Reduction Acts boost to the agencys budg…
Read the full article at: https://www.washingtonpost.com/business/2023/12/22/irs-billion-penalty-relief-warning/