The Internal Revenue Service is aiming to provide more Fast Track Settlements to small businesses and self-employed taxpayers and retool its Offer in Compromise mediation and arbitration procedures.
The IRS released Announcement 2011-05 on Thursday, providing an opportunity for small business and self-employed taxpayers to use the Fast Track Settlement process to expedite case resolution within the IRS's Small Business/Self Employed organization in certain locations. They include Chicago, Ill.; Houston, Texas; St. Paul, Minn.; Philadelphia, Pa.; central New Jersey, and San Diego, Laguna Niguel, and Riverside, Calif.
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