IRS changes forgiveness program

IRS changes forgiveness program

POSTED: Tuesday, May 22, 2012 - 4:30pm

UPDATED: Tuesday, May 22, 2012 - 4:34pm

The IRS makes changes to a taxpayer forgiveness program to help more middle-class Americans work out their debts.

The changes will affect the IRS's "Offer in Compromise" program.

It allows taxpayers to negotiate with the IRS to pay less than the full tax owed.

According to the IRS, recent changes to the program make it more flexible for taxpayers, with some paying off their debts faster.

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