In an effort to boost the economy and save time and resources, the IRS is pushing taxpayers to apply for the Fresh Start Initiative. This revolutionary program helps bring taxpayers back into compliance with the IRS, as well as save thousands of dollars in accrued interest and penalties due to non-payment.
What is The Fresh Start Program?
The goal of this program is to provide assistance to taxpayers who cannot pay the full balance to the IRS, or who need more time to do so.
The Fresh Start Initiative mandates that the IRS cannot collect more money than a taxpayer can afford to pay, giving those who owe back taxes an opportunity to resolve their tax issue for a far smaller amount than what they actually owe.
How Much Can You Really Save?
In cases of extreme hardship, taxpayers have qualified for a total reduction of their tax debt, meaning they have not had to pay back a cent to the IRS. This is what’s called an Offer in Compromise. This program is one of many programs available under the Fresh Start Program. Other assistance programs include Partial Payment Installment Agreement, Penalty Abatement, Currently Non-Collectible, and more.
Who Qualifies for this Program?
Americans who have unfiled tax years, or who owe $5,000 or more to the IRS, may qualify for the Fresh Start Program. When taxpayers visit taxadvocates.org, many are shocked to learn that they qualify for the program. TaxAdvocates is a free resource designed to spread the word to Americans in need of tax help. TaxAdvocates will match you with a Tax Professional and get you a free consultation to answer any of your questions and concerns.
Find Out if You’re Eligible
Qualifying for The Fresh Start Program is quick and simple:
- Answer a few questions about your finances
- Qualify and be presented with a resolution
- Enroll in the Fresh Start Program
It only takes 2 minutes to see if you qualify. Click here to be connected with a verified TaxAdvocates partner.