IRS Live presents The Fresh Start Initiative

Seal of the Internal Revenue Service

Image via Wikipedia

The Internal Revenue Service presents an IRS Live webinar, The IRS Fresh Start Initiative, on Aug. 31, at 2 p.m. ET. The topic is “Learn about the IRS Fresh Start Initiative – Help for Struggling Taxpayers.” This webinar will broadcast for 60 minutes. In the Aug. 31, broadcast, viewers will learn about helping individual and small business taxpayers get a Fresh Start with their tax liabilities including changes to Collection policy for:

  • Lien filing threshold
  • Lien withdrawals
  • Installment agreements
  • Offer in compromise

Viewers can register anytime before the program and download a calendar reminder. A certificate of completion will be offered for this webinar. Enrolled agents receive one CPE credit, and other tax professionals may receive credit if the broadcast meets their organization’s or state’s CPE requirements. The webinar will be available on demand on the IRS Video Portal one month after the live program airs.

For more information click here.


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Two-Year Limit No Longer Applies to Many Innocent Spouse Requests

Available only to someone who files a joint return, innocent spouse relief is designed to help a taxpayer who did not know and did not have reason to know that his or her spouse understated or underpaid an income tax liability. Publication 971, Innocent Spouse Relief, has more information about the program.

The change to the two-year limit is effective immediately, and details are in Notice 2011-70, posted today on IRS.gov.

Existing regulations, adopted in 2002, require that innocent spouse requests seeking equitable relief be filed within two years after the IRS first takes collection action against the requesting spouse. The time limit, adopted after a public hearing and public comment, was designed to encourage prompt resolution while evidence remained available. The IRS plans to issue regulations formally removing this time limit.

Read full IRS article here.

 

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