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April 25, 2012

Posted April 25, 2012

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As IRS Social Media Grows, Customer Service Lags
Taxpayers are turning to social media for information from the IRS. However, longer wait times to talk with an IRS customer service representative may be what is fueling the movement.

New Standards for Paying Off Tax Liabilities
The IRS has released its 2012 Collection Financial Standards, which it applies to taxpayers' costs for food and clothing, out-of-pocket health care expenses, housing and utilities, and transportation when calculating a taxpayer's ability to pay delinquent taxes.

Interest Rates for May 2012 Released
The IRS has released the short-term, mid-term, and long-term applicable interest rates for May 2012.