The IRS's new Fresh Start initiative helps taxpayers who owe taxes.
While you can talk to the IRS through a trusted tax relief advocate, 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.To obtain the Fresh Start tax relief without interference from the IRS, the taxpayer must currently be in a non-collectible state. The IRS Fresh Start program offers tax debt options that make it easier and less burdensome for individual and small business taxpayers to get stuck in their back taxes. You must include your unfiled or missing tax returns, your current estimated tax payments, and current withholding in your recent paychecks in order to be eligible for the Fresh Start Program tax relief.
The IRS Fresh Start Program (also called The Fresh Start Initiative) helps taxpayers who owe the IRS to pay back taxes and avoid tax liens through various payment plans. The severity of your financial difficulties determines what type of Fresh Start tax program is available to you. Unlike other Fresh Start tax programs, non-collectible status is a “state” rather than a form of tax relief. The IRS Fresh Start Program is a set of viable policies and plans that offer various types of help to businesses.
The IRS Fresh Start initiative expanded several programs to help taxpayers struggling with unpaid tax debts. In general, the Fresh Start program is good for those who can afford the monthly payment amount and are looking to improve or maintain their credit. To meet the additional requirements for obtaining tax relief through the Fresh Start Program, you must file all missing or unfiled tax returns, your estimated tax payments must be current, and your current withholding must be correct. To maintain the Fresh Start installment agreement, taxpayers must continue to comply with taxes.
In other words, one disadvantage is that the IRS will continue to apply interest to your total debt, even if the amount you must pay monthly changes according to the Fresh Start Program. Although thousands of people receive information about the IRS Fresh Start Program every year, many people don't know it exists or immediately dismiss it as an option. They will evaluate your case, understand the relevant facts, and then sit down with you to discuss your options, including the IRS Fresh Start Program.