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IRS offers plans for late tax payments

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Thursday, April 12, 2012

The Internal Revenue Service is offering an expansion of its "Fresh Start" program as the filing deadline approaches.

In recognition of the still-tough economy, the IRS has changed a few rules to help people who are hurting financially, though it isn’t prepared to let them off the hook completely when it comes to paying taxes. But it has made it easier to avoid some hefty penalties if taxpayers need more time to pay, and to allow more people to pay their back taxes on an installment plan, with reduced penalties.
The IRS has expanded its “Fresh Start” program, which began in 2008, to give some taxpayers a six-month grace period to pay their taxes without being charged a “failure to pay” penalty.

Read more at The Register-Guard.

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