IRS Fresh Start Program

What if I owe the IRS and can't pay

What are the different types of installment agreement

If you are willing to make monthly payments over the course of a plan, your first payment should correspond with the suggested monthly amount. This payment should be made once per month until notice from IRS. Once your offer has received, make the monthly payments until you have paid your entire balance. This process should take less than 24 months once the offer has been accepted.

Let's not forget that the IRS Fresh Start program does not consist of one program. The agency offers a variety of tax debt relief options. The Fresh Start tax program offers taxpayers many relief options, including:

Many businesses that have been severely impacted by coronavirus (COVID-19) qualify for employer tax credits – the Credit for Sick and Family Leave, the Employee Retention Credit, and Paid Leave Credit for Vaccines.

Fresh Start makes it possible. Find out everything you need to learn about it.

To learn more about the IRS Fresh Start Program, contact us for a tax case review.

An IRS Fresh Start Offer in Compromise (or OIC), is an agreement that allows taxpayers resolve tax debts for less than their full amount. It is the best Fresh Start tax relief possible through the Fresh Start Initiative. While an Offer in Compromise is the best way to reduce tax debt through the Fresh Start Program, it does have some limitations. This option is reserved for taxpayers who have difficulty paying their federal tax bills. The OIC program is very strict and not everyone who owes the IRS thousands of dollars will be eligible. With a certified tax relief firm on your side, your chances for obtaining an Offer In Compromise will increase dramatically. Tax experts are skilled in understanding the IRS Fresh Start Program qualifications and will not allow the IRS to pressure or trick you into a less than ideal solution. For more information on how to avoid tax relief scams, please see our "How to Avoid'' section. This will help you to stay clear of fraudulent tax resolution firms when searching for professional tax relief representation. These companies will promise you an OIC but without first analyzing your tax situation and preparing all necessary forms for the IRS. Only the IRS can accept an Offer in Compromise. The right tax relief company should be transparent about the process, have experience in negotiating and getting results on behalf of their clients and will focus their strategies on you and your financial requirements.

What is a one-time levy

What is a one-time levy

Only those who are eligible for tax relief under the federal Fresh Start Program can receive it. You must prove that your ability to pay your tax balance will cause financial hardship in order to meet the IRS Fresh Start Initiative requirements. Your eligibility for the Fresh Start tax program will depend on how severe your financial hardship is. Although the IRS has some guidelines about what constitutes financial hardship, you or the tax relief company you hire have the sole responsibility of proving it.

The Academic Fresh Start Program is not applicable to financial aid applicants who are subject to the Standards of Academic Progress. A student who has not demonstrated academic excellence may not be eligible to receive financial aid.

By claiming the Child Tax Credit (CTC), you can reduce the amount of money you owe on your federal taxes. The amount of credit you receive is based on your income and the number of qualifying children you are claiming.

Is an installment payment agreement a loan

The total combined net assets of the applicant and spouse may not exceed $75,000 as of December 31 of the preceding year for which relief is sought.

For assistance, complete the Fresh Start Request for Assistance Form. The form can be returned by email, fax or mail. You can also drop it off at the address listed below.

To claim deductions, it’s important to keep records of your donations to charities. You may not have to send these documents with your tax returns, but they are good to keep with your other tax records. Common documents include:

Is an installment payment agreement a loan
Do tax liens expire in California

Do tax liens expire in California

The most common tax problem in the country is to be hit with a tax bill you cannot pay in one lump sum. Through the IRS Fresh Start initiative, the IRS has a solution.

A deduction reduces the amount of your income that is subject to tax. As a result, deductions can lower the amount of tax you have to pay. You may qualify for a deduction based on your student loan interest.

The Administration collaborated with a non-profit, Code for America, who created a non-filer sign-up tool that is easy to use on a mobile phone and also available in Spanish. The deadline to sign up for monthly Child Tax Credit payments this year was November 15. If you are eligible for the Child Tax Credit but did not sign up for monthly payments by the November 15 deadline, you can still claim the full credit of up to $3,600 per child by filing your taxes next year.

How much will the IRS usually settle for

Contact us to receive a complimentary tax case review and more information about how you can apply for the IRS Fresh Start Program.

Yes! The IRS and taxpayers both benefit from the Fresh Start initiative. The IRS wins, as they'll be paid some form of payment and not just being ghosted. The IRS will win because the taxpayer won't be subject to levies, garnishments, wages, criminal penalties or fines.

The most common tax problem in the country is to be hit with a tax bill you cannot pay in one lump sum. Through the IRS Fresh Start initiative, the IRS has a solution.

Is an installment payment agreement a loan
What is installment payment system

The IRS Fresh Start Program is available to taxpayers who are willing to repay their debts in installments using a direct payment arrangement. The IRS Fresh Start Program allows tax-paying individuals who are eligible to do so in smaller amounts and with fewer penalties.

Economic Impact Payments, advance payments of the Child Tax Credit and more are part of your coronavirus relief.

To qualify for vehicle ("car") tax relief under the Tax Relief Program you must be at least 65 years of age or permanently and totally disabled as of January 1 of the application year and reside in Fairfax County. The exempted vehicle must be owned and used primarily by the applicant. Tax relief will only be granted on one vehicle.

What are the different types of installment agreement
What is installment payment system