What happens if you owe the IRS more than $50000
Although not all people will be eligible for these options, the IRS will work with each individual to determine which relief option is best for you. The Fresh Start program benefits both taxpayers and the IRS.
You then multiply this amount by 12 or 24 depending on the payment period you choose (either five months or two years). Follow the instructions on Form 433-A (OIC) to compute and show the IRS how you arrived at your minimum offer.
We understand what you are thinking. This Fresh Start Program sounds too good to be true. The good news? The IRS program is completely legitimate.