What is the IRS fresh start program and how does it work?

Penalties are one of the most important factors faced by a taxpayer with financial difficulties on a tax bill. First, you'll submit all your tax documents to the IRS and explain that you can't pay your debt in full. Then, you'll fill out additional forms that explain your financial situation. The IRS will review everything and then contact you with a reasonable agreement that benefits both parties.

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. The IRS will not accept a request for tax relief through the Fresh Start Initiative without sufficient evidence.

You may think that the IRS's Fresh Start initiative seems like a great idea, but you also might not be sure if you qualify for any type of tax relief. Those applying for the IRS Fresh Start program must follow the guidelines set by the IRS for all previous and existing tax returns. You also need to quickly submit all future returns in order to enroll in the Fresh Start program. In fact, if you search for the IRS Fresh Start Initiative on the IRS website, it won't give you anything on the subject.

If you choose to get help from a professional tax firm to settle your back taxes through the IRS Fresh Start Initiative, it's important that you choose a reputable company. Tax Defense Network is experienced in negotiating payment plans under IRS Fresh Start and can help you eliminate and avoid tax liens through the program. Understanding the nuances of the various tax assistance programs in the IRS Fresh Start Program can be overwhelming. Through the Fresh Start Program, taxpayers can choose to pay the IRS a regular monthly payment instead of the entire debt all at once.

This firm has been in business for 10 years and employs tax attorneys who can help you navigate the IRS Fresh Start Program and its complexities. 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. Even though thousands of people are informed about the IRS Fresh Start Program every year, many people don't know it exists, or they immediately rule it out as an option. To get the Fresh Start tax relief without interference from the IRS, the taxpayer must currently be in a non-collectible state.

Once again, the Fresh Start program helps you pay off your tax debt affordably, without the risk of going into debt.

Brock Cottew
Brock Cottew

Infuriatingly humble web expert. Typical pizza fanatic. Lifelong food lover. Amateur bacon fan. Wannabe internetaholic.