Who qualifies for the fresh start program?

The new IRS initiative to start helps taxpayers who owe taxes The IRS will not accept a request for tax relief through the Fresh Start Initiative without sufficient evidence. While a compromise offer is the best option to reduce your tax debt through the Fresh Start Program, the requirements are stringent. The IRS has made it easier than ever for individuals and business owners to qualify for the Fresh Start Initiative. While an installment agreement is a valid form of Fresh Start tax relief, it's difficult to reach an agreement with the IRS for a reasonable monthly payment.

The Fresh Start program allows taxpayers with back taxes to enter into an agreement that extends the payment over months, but not more than 5 to 6 years. One disadvantage is that the IRS will continue to apply interest to your total debt, even if the amount you must pay each month changes according to the Fresh Start Program. Tax experts predict that the requirements of the IRS Fresh Start Program could remain flexible for a long time, but the IRS is unlikely to continue to relax its strict application requirements for an extended period of time. To maintain the Fresh Start installment agreement, taxpayers must continue to comply with tax requirements, meaning tax experts have a skillful understanding of the requirements of the IRS Fresh Start Program and will not be intimidated or misled by the IRS into reaching an optimal resolution.

For more information on how to apply for the IRS Fresh Start Program, contact us for a free review of your tax case. You must include your unfiled or missing tax returns, your current estimated tax payments, and current withholding taxes in your recent paychecks to qualify for the Fresh Start Tax Relief Program. Under the IRS Fresh Start Program, you may be eligible for first-time penalty reduction (FTA) if: (you have no penalties in the last three tax years), (you are current at the time you file your return) and (you) have paid or made arrangements to pay your tax bill. They evaluate your case, understand the relevant facts, and then sit down with you to discuss your options, including the IRS Fresh Start Program.

Overall, the Fresh Start program is good for those who can afford the monthly payment amount and are looking to improve or maintain their credit.

Brock Cottew
Brock Cottew

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