IRS Announces New Payment Option for Some Delinquent Taxpayers

Australia News News

IRS Announces New Payment Option for Some Delinquent Taxpayers
Australia Latest News,Australia Headlines
  • 📰 Forbes
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 53%

The IRS has announced a new payment option for some delinquent taxpayers

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Forbes /  🏆 394. in US

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Here’s what you need to earn to crack the 1%, according to latest IRS dataHere’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%.
Read more »

Jenna Dewan and Channing Tatum Filed to Become Legally Single in Divorce CaseJenna 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.
Read more »

Jenna Dewan and Channing Tatum Filed to Become Legally Single in Divorce CaseJenna 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.
Read more »

Issa Rae Launches Raedio Label With Atlantic; Watch First Release, Teamarrr’s ‘Kinda Love’ (EXCLUSIVE)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, “…
Read more »

Chick-fil-A has a new sit-down dining option to win over millennial parents - Business InsiderChick-fil-A has a new sit-down dining option to win over millennial parents - Business InsiderChick-fil-A executives told Business Insider that they hope to win over parents of young children with the sit-down, dine-in service.
Read more »

New Zealand sale announcement highlights TV's strugglesNew Zealand sale announcement highlights TV's strugglesNew Zealand broadcaster MediaWorks announces plans to sell its struggling television business, leaving hundreds of workers wondering if they'll still have jobs if a buyer can't be found, nickgbperry reports.
Read more »



Render Time: 2025-03-15 09:09:46