As the nation sinks deeper into recession, the IRS is offering to waive late penalties, negotiate new payment plans and postpone asset seizures for delinquent taxpayers who are financially strapped, but make a good-faith effort to settle their tax debts.
The article goes further to specify how to deal with the IRS in the midst of a personal financial crisis.
Watchdog groups, however, will be monitoring the IRS plan to insure fairness and minimize the potential for abuse.
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