IRS Fresh Start Initiative

IRS Fresh Start is a program that helps people who owe back taxes. IRS Fresh Start is for individuals who are experiencing financial hardship because of their tax debt.

Taxpayers who qualify for the Fresh Start initiative will be provided a waiver of interest and penalties on all or a portion of their past-due taxes. The IRS will also agree not to collect any additional money from the taxpayer until they have paid what they owe under this program.

The Fresh Start initiative was created by Congress in March 2000 to help taxpayers resolve their delinquent tax accounts and get back on track with filing returns and paying taxes. It offers a fresh start for those who are unable or unwilling to pay their taxes, but want to work out an arrangement with the IRS that allows them to avoid penalties, wage garnishment and other collection actions while they resolve their delinquent tax issues.

IRS Fresh Start provides an opportunity for taxpayers who owe $50,000 or less in combined tax liabilities from the past three years to request relief from collection actions against them if:

1. The taxpayer has filed all required returns (including estimated payments) for the prior three years.

2. The taxpayer does not owe additional tax after credits claimed on prior returns are allowed.

3. The IRS Fresh Start program is not an amnesty program, so it does not protect you from criminal prosecution or civil enforcement.

The Tax Relief Survey is the fastest and most accurate way to find out if you qualify for the IRS Fresh Start Program. If you want to see if you’re eligible Click Here. 

Fresh Start Initiative And Fresh Start Program ?

The Fresh Start Initiative is like the Fresh start program, but with an updated set guidelines that helps more tax payers in debt get qualified for tax debt relief. The most utilized payment methods used under this program is Offer in Compromise (OIC) and Extended Installment Agreement. If you own the IRS $50,000 or less, you can qualify for monthly repayments and this would be extended out as far as 6 years. In that time you can be burdened free of any interest or penalties.

Do I Qualify For The Fresh Start Initiative?

There are a variety of programs that are offered with the Fresh Start Initiative. Each program has its own requirements and you need to be meeting the minimum requirements to qualify.  Make sure any unfiled tax returns are filed, your tax debt doesn’t exceed $50,000, and self employed applicants show proof of a 25% reduction in income.

All unfilled tax returns must be filled immediately before applying for relief programs. 

Qualify For Federal Tax Assistance?

Are you ready to take the next step in getting enrolled in a federal program that can reduce or eliminate your tax debt? We’ve partnered up with the top tax relief officers. No long wait times waiting for IRS assistance, we will put the call straight through. Take the survey below to see if you’re eligible and a tax relief officer  who specializes in these programs will reach out. Click Here.