We get it. Tax season is just right around the corner and you just want to be as fully prepared as possible in all things tax-related. As a mainstream topic due to the recent COVID-19 pandemic, the IRS Fresh Start Program is being recognized as a way out of your difficult tax debt issues, but its popularity has also raised some eyebrows to new tax relief seekers and questioned whether or not it’s just another scam. Long story short, the Fresh Start Program is as legit as they come, and the IRS may have paved a new road for individual and business taxpayers who cannot pay off their tax liabilities to finally receive relief. But how?
Back Tax Troubles
Fresh Start was established by the IRS in 2011 to assist struggling taxpayers. The IRS has now extended the program by adopting more flexible Offer-in-Compromise parameters in order to assist a larger number of taxpayers. This extension will allow some of the most financially challenged people to resolve their tax issues more swiftly than previously possible.
What Is It & What Does It Do?
The IRS Fresh Start program is now well-known as a tax relief program that provides taxpayers with an opportunity to have their taxes adjusted and assessed by the IRS. This can be very beneficial for those who owe back taxes, are in debt, or just want to better assess their current financial situation. The IRS Fresh Start Program has many benefits including:
- Reducing your income tax liability
- Eliminating penalties and interest on your debts
- Avoiding liens and levies on your assets
- Creating a new payment plan with the IRS if you cannot afford payments now
Why A Relief Program?
If you’ve found yourself in a nasty mess with the IRS, take a deep breath. It’ll be okay. Unpaid back taxes may be the biggest issue that taxpayers face, but the resolution may be very simple. For taxpayers who may have difficulty paying off an excessive amount of tax debt, there’s a relief program that consolidates many major relief programs into a one-size-fits-all assistance program; The IRS Fresh Start Program. Many of our clients here at Clear Start Tax Relief are referred to the Fresh Start Program in order to avoid bankruptcy, acquire debt relief, and settle their debts in a quick manner. Let us give you a helping hand today!
How Simple Is Qualifying?
Considering that the Fresh Start Program is a federal program, you would think meeting the qualifications may be very difficult, but really, it’s a lot simpler and quicker than you think. Take the following steps in order to find out if you are eligible in as little as 3 minutes.
- Fill out some basic information about yourself and your back taxes here.
- Have a representative reach out to you to discuss your eligibility.
- Go through the enrollment process and finally reduce or eliminate your tax liabilities.