WASHINGTON — The Internal Revenue Service says it’s trying to help people struggling to pay delinquent tax bills, so it’s reducing property liens and easing rules for small businesses to enter into installment agreements.
As the economy soured, the agency filed more liens on property owned by delinquent taxpayers. The IRS filed nearly 1.1 million liens in the budget year that ended in September, compared with 426,000 in 2001.
The steps will double the amount of back taxes a person can owe before facing a possible lien. Under the new policy, the threshold is increased from $5,000 to $10,000.
Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. Comments that violate these standards, or our privacy statement or visitor's agreement, are subject to being removed and commenters are subject to being banned. To post comments, you must be a registered user on toledoblade.com. To find out more, please visit the FAQ.