Get a Fresh Start! Addressing Economic Hardship in the Tax Code

There are circumstances in which the IRS will consider a taxpayer’s economic hardship in determining whether the taxpayer can meet its tax burden (typically because of a deficiency assessment). This practice note discusses the process and procedures by which a taxpayer can claim economic hardship, and the remedies and solutions that are available to them in working with the IRS to establish hardship while still (to the extent possible) satisfying the tax debt.

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