IRS Issues Redesigned Allowable Living Expense Standards

IR-2007-163, Oct. 1, 2007

WASHINGTON — The Internal Revenue Service today issued the 2007 allowable living expense standards.

Allowable living expense standards, also known as collection financial standards, are used to determine the ability of a taxpayer to pay a delinquent tax liability. For purposes of federal tax administration the standards are effective Oct. 1, 2007.

http://www.irs.gov/newsroom/article/0,,id=174516,00.html