IRS May Experience Budget Cuts

The House and Senate have announced proposals to cut the IRS' budget in 2012 by at least $500 million.  The IRS says that these deep cuts will result in slower service and cut the country's revenues by $4 billion.  Experts say that budget cuts will be less drastic in their final form, when they get out of committee.  However, the IRS is going to have to make do with less.

I think it is only fitting that the IRS cut back when many in Oklahoma and throughout the US are hurting financially.  This Summer, the IRS announced a new program to streamline the offer in compromise program, for instance.  This new program, coupled with budget cuts across the board at the Agency, may mean that offers and other collection alternatives will receive less scrutiny.  The IRS just simply won't have the time to deeply analyze each case.  This is good news any way you cut it.

So, now is the time to get serious about the old tax liabilities that have been keeping you up at night in 2011.  The best time to cut a deal for your tax problem or get collection activity off your back is when things are at their financially bleakest.  Call me at 405-607-1192 and we'll get started getting your life back!

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