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. Those applying for the IRS Fresh Start Program must follow the guidelines set by the IRS for all previous and existing tax returns.
The IRS Fresh Start program offers tax debt options that make it easier and less onerous for individual and small business taxpayers to catch up with their back taxes. According to the Treasury Inspector General for Tax Administration, the Fresh Start initiative has already been of great help to hundreds of thousands of taxpayers. Once again, the Fresh Start program helps you pay off your tax debt affordably, without the risk of going into debt. Whether you qualify for Fresh Start options, such as an installment plan, a withdrawal of a tax lien, or a commitment offer, or this program can help you manage your debts effectively and, at the same time, resolve problems such as stopping the wage garnishment and eliminating taxes.
Find out what the IRS Fresh Start program entails and find out if you qualify for this money-saving initiative. You also need to quickly submit all future returns in order to enroll in the Fresh Start program. This means that the number of tax levies fell by more than half during the first five years of the introduction of the Fresh Start program. While the IRS Fresh Start initiative offers an easier way for taxpayers to address back taxes, it's not always easy to navigate the program on your own.
While the Fresh Start initiative is not a program you can apply to, it does have specific eligibility requirements that you must meet before you can take advantage of changes in the IRS rules on back taxes. If you don't want to enroll online, you can always make a proposal for the IRS Fresh Start Program by filling out and submitting an IRS Form 9465 that is available to the IRS government. The Fresh Start initiative is a comprehensive set of options with relatively clear eligibility requirements and improved strategies for saving. The Fresh Start provisions give more taxpayers the ability to use simplified installment agreements to catch up with back taxes and also more time to pay.
The IRS Fresh Start initiative expanded several programs to help taxpayers struggling with outstanding tax debts. Many people who owe back taxes to the IRS are still hearing about the IRS's Fresh Start Initiative on the air. In most cases, it's best to hire a tax refund assistance company to help you with the IRS Fresh Start program.