Taxpayers can now choose a preauthorized direct debit to make payments toward their federal tax debt
issues with PCAs as one of the 20 most serious problems encountered by taxpayers. According to the IRS, from the start of the program in April 2017 through June 13, 2019, the IRS has given PCAs more than 1.9 million total cases that represent more than $16.2 billion of the IRS’ balance-due inventory. To date, the PCAs have “assisted” more than 163,000 taxpayers who either paid their balances in full or set up a payment arrangement–just a fraction of the outstanding cases.
Allowing PCAs to take direct debit information over the phone doesn’t alleviate these concerns. In fact, in a high-pressure situation , taxpayers may feel that offering payment information immediately is the best way to get the PCAs to stop calling–even if the taxpayers do not have the money. Remember those default rates for installment agreements? Think similarly, but with bounced checks.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
IRS Announces New Payment Option for Some Delinquent TaxpayersThe Internal Revenue Service (IRS) has announced that a new payment option has been added to the private debt collection program. The payment option is intended to make it easier for those who owe to pay their tax debts, although some fear that it could lead to abuse.
Lire la suite »
Here’s what you need to earn to crack the 1%, according to latest IRS dataAccording to the latest IRS data cited by Bloomberg, it took earnings of $515,371 in 2017 to crack into the top 1%, a rise of 7.2% from the year prior, even after adjusting for inflation. Since 2011, when the Occupy Wall Street protests were raging, the threshold to break out of the 99% has risen an inflation-adjusted 33%.
Lire la suite »
IRS Announces New Payment Option for Some Delinquent TaxpayersThe Internal Revenue Service (IRS) has announced that a new payment option has been added to the private debt collection program. The payment option is intended to make it easier for those who owe to pay their tax debts, although some fear that it could lead to abuse.
Lire la suite »
Issa Rae Launches Raedio Label With Atlantic; Watch First Release, Teamarrr’s ‘Kinda Love’ (EXCLUSIVE)Raedio, the new label co-founded by Emmy-nominated actress-producer-writer Issa Rae, and Atlantic Records have announced a new partnership, which kicks off with today’s release of the new single, “…
Lire la suite »
Jenna Dewan and Channing Tatum Filed to Become Legally Single in Divorce CaseJenna recently announced she was expecting her first child with new boyfriend Steve Kazee.
Lire la suite »
Jenna Dewan and Channing Tatum Filed to Become Legally Single in Divorce CaseJenna recently announced she was expecting her first child with new boyfriend Steve Kazee.
Lire la suite »