- Revising the Calculation of Future Income [IRM 18.104.22.168 (2/23/10)] - If a struggling taxpayer can pay their back tax debt in five (5) months or less, the IRS will consider only one (1) year of future income. The IRS will also only consider two (2) years of a struggling taxpayer's future income if that taxpayer can pay the IRS settlement amount within six (6) to twenty-four (24) months.
- Allowing Re-Payment of Student Loans [IRM 22.214.171.124.4(3) (10-22-10)] - The IRS has announced that they will now allow credit for student loan payments made on federally guaranteed student loans for post secondary education.
- Allowing for Payment of Delinquent State and Local Taxes [IRM 126.96.36.199.4(7) (10-22-10)] - Based on a percentage of taxes owed to a state and the IRS, the IRS will now allow, in most cases, payment for the delinquent back tax debt. Prior to this IRS announcement, monthly payments to a state or local taxing authority were not considered by the IRS to be "necessary expenses" even if that state or local taxing agency had a tax lien that was senior to any IRS tax lien. Previously, the IRS did not consider a wage garnishment or installment agreement by or with a state or local tax agency to be a "necessary expense."
- Expanding the National Standard Miscellaneous Allowance [IRM 188.8.131.52 (10-2-09)] - credit card payments, bank charges and fees are now considered by the IRS to be "necessary expenses." The miscellaneous allowance are expenses that a struggling taxpayer may incur that are not included in any other allowable living expense.
- Modifying the Parameters for Calculating the "Reasonable Collection Potential" (RCP) [IRM 184.108.40.206 (9-23-08)] - Significant changes have been made by the IRS to the definition of equity in income producing assets for an on-going business [IRS 220.127.116.11.1 (10-22-10)], evaluating money in bank accounts [IRM 18.104.22.168 (10-22-10)], as well as evaluating dissipated assets [IRM 22.214.171.124 (10-22-10)], retired debt [IRM 126.96.36.199 (10-22-10)] and transportation expenses for older vehicles [IRM 188.8.131.52.3 (10-22-10)].
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