Now, to help more taxpayers, the IRS has expanded the program by adopting more flexible commitment offer terms. The new IRS initiative to start helps taxpayers who owe taxes With an installment agreement, you'll pay fewer penalties, but you'll continue to accrue interest on your outstanding balance. To qualify for the new expanded simplified installment agreement, you must accept monthly direct debit payments. You can establish an installment agreement with the IRS through the Online Payment Agreement (OPA) page at www, irs, gov.
The program was designed to give first-time tax offenders the opportunity to fix things. It allows taxpayers to pay off their tax debts over six years with monthly payments that are decided based on how much they currently earn and the value of their liquid assets. Most of the time they finally settle all their outstanding dues within 6 years. Many people who owe back taxes to the IRS are still hearing about the IRS Fresh Start Initiative on the airwaves.
However, the complexity of the IRS's Fresh Start initiative means that you have a lot to gain from working with a tax professional when you explore what's available to you. If you're willing to enter into a dialogue with the IRS through a trusted advocate for tax relief, you're taking a step in the right direction, but no matter how many steps you take, your tax problems will never be completely erased, even if you're enrolled in the IRS Fresh Start Program. Tax Relief USA has extensive experience submitting commitment offers, creating installment agreements, and exploring the ins and outs of the IRS Fresh Start program. The IRS knows that not everyone who has tax problems is a serious and intentional offender, and that's why programs like IRS Fresh Start are available.
Those applying for the IRS Fresh Start program must follow the guidelines set by the IRS for all previous and existing tax returns. The IRS requires that you be up to date with all tax returns before you are considered for the Fresh Start program. Once again, the Fresh Start program helps you pay off your tax debt affordably, without the risk of going into debt. Even if you think you might not qualify for the IRS Fresh Start Program, a tax relief expert can still help.
The IRS Fresh Start program offers tax debt options that make it easier and less onerous for individual and small business taxpayers to catch up with their back taxes. If you have problems with back taxes and are concerned about being up to date (and keeping) up to date with your tax payments, you may qualify for assistance under an IRS initiative called Fresh Start. The IRS Fresh Start Program is occasionally mentioned in passing on the radio or through an advertisement, but it never really goes into depth. The Fresh Start provisions give more taxpayers the ability to use simplified installment agreements to catch up with back taxes and also more time to pay.
This may seem strange at first glance, but of the more than 10 million accounts that are flagged each year, many are unaware that the IRS Fresh Start Program exists or immediately become ineligible. The IRS Fresh Start initiative expanded several programs to help taxpayers struggling with outstanding tax debts. Without a doubt, businesses are eligible for the IRS Fresh Start Program, especially if you are self-employed.