IR-2003-72 -- IRS Issues "Fast Track" Guidance to Help Taxpayers
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This will be of value to our US readers and our Canadian readers can look at it and "only wish".
Imagine, getting it worked out in 120 days. I have letters out I have been waiting for a simple answer for over a year.
If you want to subscribe to the IRS NEWSWIRE, follow these directions:
If you know someone who might want to subscribe to this mailing list, please forward this message to them and they can send a blank e-mail to mailto:[email protected] in order to subscribe.
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ingram
-----Original Message-----
From: IRS-NEWSWIRE [mailto:[email protected]]
Sent: Tuesday, June 03, 2003 12:42 PM
To: IRS News Release Service
Subject: IR-2003-72 -- IRS Issues "Fast Track" Guidance to Help
Taxpayers
IRS Issues "Fast Track" Guidance to Help Taxpayers
IR-2003-72, June 3, 2003
WASHINGTON - The Internal Revenue Service issued guidance today to make
permanent two programs that allow taxpayers and the IRS to reach agreement
on tax disputes more quickly. The IRS also announced a pilot program to
expedite the resolution of Tax Exempt Bond disputes.
In guidance issued today, the IRS:
* Makes permanent the Fast Track Mediation program. This program gives
small businesses, self-employed taxpayers and the IRS the opportunity to
mediate disputes through an IRS appeals officer, who acts as a neutral
party. In this program, most tax disputes are resolved within 40 days
compared to several months though the regular appeal process. Since June
2002, more than 200 cases have been mediated - with 100 percent resolution
in more than half of those cases.
* Makes permanent the Fast Track Settlement program. The program enables
the IRS to resolve tax disputes with large and mid-size businesses at an
earlier stage - often within a much shorter time than through the normal
audit and appeal processes. The Fast Track Settlement pilot program
became available for large and mid-size businesses on November 14, 2001,
with the goal of reaching settlement with taxpayers within 120 days. By
May 31, 2003, IRS and 104 large and mid-size business taxpayers had
successfully settled through the pilot program, in an average time of 69
days, just over half of the expected time.
* Creates the pilot Fast Track Mediation program for Tax Exempt Bonds.
This will allow the IRS and issuers of tax exempt bonds to expedite the
resolution of cases more quickly than through the standard appeals
process.
The IRS guidance issued today on these fast track programs is available on
www.irs.gov and will be published in Internal Revenue Bulletin 2003-25,
dated June 23, 2003.
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Imagine, getting it worked out in 120 days. I have letters out I have been waiting for a simple answer for over a year.
If you want to subscribe to the IRS NEWSWIRE, follow these directions:
If you know someone who might want to subscribe to this mailing list, please forward this message to them and they can send a blank e-mail to mailto:[email protected] in order to subscribe.
(just click on the ^ above - the mailto part disappears)
ingram
This will be of value to our US readers and our Canadian readers can look at it and "only wish".
Imagine, getting it worked out in 120 days. I have letters out I have been waiting for a simple answer for over a year.
If you want to subscribe to the IRS NEWSWIRE, follow these directions:
If you know someone who might want to subscribe to this mailing list, please forward this message to them and they can send a blank e-mail to mailto:[email protected] in order to subscribe.
(just click on the ^ above - the mailto part disappears)
ingram
-----Original Message-----
From: IRS-NEWSWIRE [mailto:[email protected]]
Sent: Tuesday, June 03, 2003 12:42 PM
To: IRS News Release Service
Subject: IR-2003-72 -- IRS Issues "Fast Track" Guidance to Help
Taxpayers
IRS Issues "Fast Track" Guidance to Help Taxpayers
IR-2003-72, June 3, 2003
WASHINGTON - The Internal Revenue Service issued guidance today to make
permanent two programs that allow taxpayers and the IRS to reach agreement
on tax disputes more quickly. The IRS also announced a pilot program to
expedite the resolution of Tax Exempt Bond disputes.
In guidance issued today, the IRS:
* Makes permanent the Fast Track Mediation program. This program gives
small businesses, self-employed taxpayers and the IRS the opportunity to
mediate disputes through an IRS appeals officer, who acts as a neutral
party. In this program, most tax disputes are resolved within 40 days
compared to several months though the regular appeal process. Since June
2002, more than 200 cases have been mediated - with 100 percent resolution
in more than half of those cases.
* Makes permanent the Fast Track Settlement program. The program enables
the IRS to resolve tax disputes with large and mid-size businesses at an
earlier stage - often within a much shorter time than through the normal
audit and appeal processes. The Fast Track Settlement pilot program
became available for large and mid-size businesses on November 14, 2001,
with the goal of reaching settlement with taxpayers within 120 days. By
May 31, 2003, IRS and 104 large and mid-size business taxpayers had
successfully settled through the pilot program, in an average time of 69
days, just over half of the expected time.
* Creates the pilot Fast Track Mediation program for Tax Exempt Bonds.
This will allow the IRS and issuers of tax exempt bonds to expedite the
resolution of cases more quickly than through the standard appeals
process.
The IRS guidance issued today on these fast track programs is available on
www.irs.gov and will be published in Internal Revenue Bulletin 2003-25,
dated June 23, 2003.
---------------------------------------------------------------------------
Thank you for subscribing to IRS Newswire.
If you have a specific concern about your tax account, call IRS CUSTOMER SERVICE AT 1-800-829-1040.
---
If you know someone who might want to subscribe to this mailing list, please forward this message to them and they can send a blank e-mail to mailto:[email protected] in order to subscribe.
---
This message was distributed automatically from the mailing list irs-newswire.
PLEASE DO NOT REPLY TO THIS MESSAGE.
To unsubscribe from this list, send a blank email to mailto:[email protected]
---
To subscribe to or unsubscribe from another list, please go to http://www.irs.gov/newsroom/index.html and click on 'e-News Subscriptions'..
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