Now, to help more taxpayers, the IRS has expanded the program by adopting more flexible commitment offer terms. The program was designed to give first-time tax offenders an opportunity to fix things. It allows taxpayers to pay off their tax debts over six years through monthly payments that are decided based on what they currently earn and the value of their liquid assets. Most of the time, they eventually settle all of their outstanding dues within 6 years.
The IRS's new Fresh Start initiative helps taxpayers who owe taxes. An agreement under the IRS Fresh Start Initiative does not exempt you from your responsibility to pay taxes in the future. Once again, the Fresh Start Program helps you pay your tax debt affordably, without the risk of going into debt. Their team of enrolled agents and tax lawyers are professionals in negotiating with the IRS and have experience with the IRS's Fresh Start initiative.
Because the IRS Fresh Start Program offers different types of assistance, the procedure, qualification, and application method also vary depending on the type you choose to apply for. Those who apply for the IRS Fresh Start Program must follow the guidelines established by the IRS for all previous and existing tax returns. Understanding the nuances of the various tax assistance programs in the IRS Fresh Start Program can be overwhelming. If your financial situation doesn't allow you to pay all your back taxes at once, the IRS Fresh Start Program makes provisions for making payments through an installment agreement.
While federal tax law previously provided for these types of agreements, the IRS Fresh Start Program has simplified the process. This firm has been in business for 10 years and employs tax lawyers who can help you understand the IRS Fresh Start Program and its complexities. However, the complexity of the IRS Fresh Start initiative means that you have a lot to gain if you work with a tax professional to explore what's available to you. The IRS Fresh Start Program allows you to avoid tax liens and remove existing tax liens.
If you think you qualify for the IRS Fresh Start program, contact the experts at Anthem Tax Services. You also need to submit all future returns promptly in order to enroll in the Fresh Start Program. You may think that the IRS's Fresh Start initiative sounds like a great idea, but you also may not be sure if you qualify for any type of tax relief. You might think that an IRS Fresh Start program that helps you get out of your tax debt sounds too good to be true.