IRS Offers Leniency Program

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With the economy in recession, the Internal Revenue Service is offering a new leniency program for taxpayers who are in a financial struggle.

The program is geared toward people who have paid their taxes in the past, but are now having a financial hardship.

It offers to waive late penalties, negotiate new payment plans, and postpone asset seizures for delinquent taxpayers.

Just as long as they make a good-faith effort to settle their tax debts.

The IRS doesn't know how many taxpayers might take advantage of the program.

However, millions could be eligible.

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