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News From IRS
IRS Grants Tax Relief to Power Blackout Victims - They are allowing an extra week (to August 22) for those people who were affected by this mess. Luckily, I was able to get the last of the 80+ extensions I prepared into the mail today.
IRS Announces Application Fee for Offers in Compromise - I'm of a mixed mind on this decision to charge people $150 to submit OICs. On the one hand, there are people who abuse this program by submitting really idiotic offers. Charging a fee should reduce some of those. However, in all of the OICs that I have worked on, the clients were already being unfairly screwed over by IRS. Making them pay even more money to have their case reviewed by upper authorities at IRS seems a bit like adding insult to injury. In a way, this would be similar to your local police department charging you to report a crime.
- posted by Kerry M. Kerstetter, MBA~CPA~ATP~ATA @ 8/15/2003 12:30:00 PM Send this post: 
