What is IRS Fresh Start Program

To submit an offer for compromise, you need to fill out several forms. In addition to the offer, you must include a collection information statement concerning individuals and/or corporations.

The notice also details relief for filers submitting international information returns. These include those that report transactions with foreign trustees, receipts foreign gifts, and ownership interest in foreign corporations. Any tax return eligible must be submitted on or before September 30, 20,22 in order for you to be eligible.

Fresh Start has made it possible. It's all here.

The IRS created the Fresh Start program in order to help people who unintentionally break tax laws. Non-serial offenders policies by the IRS are flexible rules that could be the best solution for anyone who is eligible.

The tax code is REALLY complicated. So many Americans end up in a situation where we owe more to the IRS than we can afford to pay. Lots of people end up with big debts to the IRS. Now we’re in a really tough situation – because the IRS is the world’s most powerful collection agency. They can do some scary things like seize your home or bank accounts, garnish your wages, and a bunch of other things that no other collection agency can do. Your options often look something like this: pay the amount in full, or, pay it back over time with interest and penalties.

After finding out why your offer was rejected, resubmit your offer. The revenue officer or special procedures officer might help you come up with a way to make your offer acceptable.

For more information on how to apply for the IRS Fresh Start Program, please get in touch with us for a free tax case review.

An Installment Agreement is a payment plan offered through the Fresh Start Program. It allows taxpayers to pay an agreed-upon amount every month to the IRS. These payments go directly to the taxpayer’s overall tax debt, and continue until the debt is paid in full. Once you are on an installment plan, you will no longer receive IRS collection letters or be susceptible to penalties. This plan is also a great way to show the IRS that you are willing to resolve your debt.A downside is that the IRS will continue to apply interest to your total debt, even if the amount you are required to pay monthly changes under the Fresh Start Program. With the ability of the IRS to include interest in your outstanding account amount, you will end up paying more than you originally owed. While an Installment Agreement is a valid form of Fresh Start tax relief, compromising with the IRS for a reasonable monthly payment is difficult. Your chances of making smaller monthly payments are more likely if you use a professional tax relief company to represent you on your behalf.

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.