inland empire: What categories IRS allows delinquent taxpayers in living expenses
- 08/02/21 02:42 PM
The IRS uses "Collection Financial Standards" to assist in establishing a taxpayer's capability to pay an outstanding tax liability. Permissible living expenses include those that meet the test of being necessary to provide for a taxpayer's and his or her family's health and welfare, as well as his or her capacity to generate income. The IRS admissible living criteria are created to include essential items including a category for an out-of-pocket health care expenses and a budget for the cell phone service. Greater rates may be permitted by the IRS if a taxpayer is able to demonstrate that these amounts … (1 comments)
The IRS uses "Collection Financial Standards" to assist in establishing a taxpayer's capability to pay an outstanding tax liability. Permissible living expenses include those that meet the test of being necessary to provide for a taxpayer's and his or her family's health and welfare, as well as his or her capacity to generate income.
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