Without sufficient evidence, the IRS cannot accept tax relief requests through the Fresh Start Initiative. If you are sending a request for tax relief, make sure to include as much support evidence as possible. Documentation is the most effective form of evidence in support of the IRS Fresh Start Program strict requirements. Documentation that you will need include (but not limited to) doctor/medical statements as well as reports from the fire department, insurance claims, student loan statements or death certificates for family members. It is also a good idea to include a letter with Form 843 explaining how you feel and why your inability to pay tax debt. For tax relief through the Fresh Start Program you will need to file all missing or unfiled returns. You also have to submit your estimated tax payments, current withholdings, and estimate tax payments. Last six months' filings must be current. To avoid having your request denied, contact a professional tax relief agency. Even if you are denied by the IRS, a tax relief firm can help file a letter appeal.
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.
Although "Fresh Start Initiative 2020" was a popular search term just a few years back, the current economic climate suggests that the program is still in demand. These are some of the requirements to be eligible for tax debt relief.