Flexibility for Tax Debts
Covid-19 disrupted the world with a storm and left numerous challenges and difficulties for business across the world. Small Businesses, Individual Freelancers and Consultants are finding it hard to pay the Tex Debts with business growth challenges ahead. Internal Revenue Service understands that this year has brought tough times for Tax Payers and Income Tax filing has been severely impacted. IRS came up with reforms and flexibility in Tax Debts payment in two phases. The IRS Commissioner Chuck Rettig said that “The IRS understands that many taxpayers face challenges, and we’re working hard to help people facing issues paying their tax bills, Following up on our People First Initiative earlier this year, this next phase of our efforts will help with further taxpayer relief efforts. In the second part of the year 2020, IRS started People First Initiative under which several tax debt individuals and businesses were benefitted with different schemes. OnlineTax Fil...