Lothamer, Michigan's Leading Tax Resolution Firm, Instructs Public of New IRS Efforts to Help Struggling Taxpayers

MICHIGAN – Lothamer, an IRS tax settlement service provider, advises the public on a program the IRS has installed in an effort to relieve tax payers of unnecessary tax burdens and help them start fresh.

The name of the program is the IRS Fresh Start Program. The components of the program were announced on February 24. The program may qualify taxpayers for solutions for which they were previously ineligible. A few main points are an expanded offer in compromise program, more lenient and lower repayment plans to the IRS, and expanded program for the removal of and filing of Tax Liens on your credit report.

"A Tax Lien is a public record that you owe taxes," said Jesse Lothamer, President of Lothamer Tax Resolution. "A lien is placed on your credit report and attaches to any assets you may have. It can make it nearly impossible to obtain credit. It also can make it difficult to sell the assets it has attached to, for example your home or business. The new program may make it less difficult to remove liens.
The recent reforms should help taxpayers find new solutions with lower payment plans and more lenient offer in compromise programs."

Lothamer also provides Michigan tax help and encourages state taxpayers to take advantage of the Michigan Tax Amnesty program. The Michigan Tax Amnesty program applies to tax debts that were due on or before December, 31, 2009. Tax debts eligible for the Michigan Amnesty program consist of those caused by an individual failing to file a tax return, failure to pay tax, or a disproportionate claim or refund.

Under the Michigan Amnesty program, taxpayers will not have to pay the penalties or interest on the penalties, which results in huge cost savings of up to 50%.Taxes included in the Michigan Tax Amnesty program are: state withholding, use, sales, MBT.SBT, motor fuels, and tobacco. Michigan residents must file for all missing periods by April 15, 2011 to qualify.

Lothamer understands that dealing with the IRS can be, at best, an intimidating experience. With a focus on maintaining personal relationships, Lothamer is there through every step in resolving clients' tax problems and provides the best in tax resolution services.

Lothamer is a professional firm of Certified Public Accountants founded by Jesse I. Lothamer, J.D., C.P.A. in 1978. The firm specializes in Tax Representation and Tax Problem Resolution, and has helped thousands of clients settle their tax problems with the IRS and State of Michigan. With offices across the State of Michigan, Lothamer is Michigan's leading Tax Resolution Firm, and will continue to provide the general public with tax representation and tax problem resolution for a wide variety of tax problems.