The IRS Fresh Start Program is a set of initiatives that make it easier for taxpayers to pay off their taxes and get back on track with the IRS. The program includes changes to the Offer in Compromise process, making it easier for taxpayers to settle their tax debt for less than they owe. The program also includes changes to the Installment Agreement process, making it easier for taxpayers to set up a payment plan with the IRS. Finally, the program includes penalties and interest relief for taxpayers who are behind on their taxes.
The Offer-in-Compromise Process
The Offer in Compromise process is an important part of the IRS Fresh Start Program. The Offer in Compromise process allows taxpayers to settle their tax debt for less than they owe. The Offer in Compromise process is available to taxpayers who cannot pay their tax debt in full and meet certain other criteria.
The Installment Agreement Process
The Installment Agreement process is another important part of the IRS Fresh Start Program. The Installment Agreement process allows taxpayers to set up a payment plan with the IRS so that they can pay off their tax debt over time. The Installment Agreement process is available to taxpayers who cannot pay their tax debt in full and meet certain other criteria.
Penalty and Interest Relief
The penalty and interest relief provisions of the IRS Fresh Start Program are designed to help taxpayers who are behind on their taxes. The penalty and interest relief provisions of the program allow taxpayers who are behind on their taxes to catch up without having to pay exorbitant penalties and interest charges.
Do You Qualify?
Overall, the IRS Fresh Start Program is a great program for taxpayers who qualify. If you’re behind on your taxes, contact Tax Law Advocates to take advantage of the opportunities afforded by the IRS Fresh Start Program! Our tax debt attorneys have decades of experience helping people find tax relief.
