The Fresh Start Program, also known as the Fresh Start Initiative, was established by the U.S. government in 2011. The Fresh Start Initiative Program offers tax assistance to a certain crowd of people who owe the IRS money. It is the federal government’s reaction to the IRS’s predatory methods, which include the use of compound interest and financial penalties to penalize people with unpaid tax debt.
If you don’t pay your IRS taxes on time, you could face penalties, interest, tax levies, tax liens, asset seizure, wage garnishment, and potentially result in the IRS taking you to court. In response to the IRS’s exploitative collection techniques, the government developed the IRS Fresh Start Program, which makes it easier for individual taxpayers and businesses to pay their back taxes.
The IRS Fresh Start Program provides taxpayers with more flexible repayment terms and initiatives that may decrease or eliminate their tax debt without imposing penalties. Taxpayers may be able to have their federal back taxes forgiven almost entirely under certain circumstances.
How Does The Program Work?
Let’s say a taxpayer owes the IRS $10,000 in unpaid taxes, plus compounded interest and penalties, over the course of several years. This taxpayer may be unemployed and unable to pay for electricity and other living expenses. They do not have the financial resources to pay the IRS $10,000, and they will very certainly never be able to return the amount owed to the IRS.
The IRS is prohibited from collecting more than a taxpayer is able to pay under the Fresh Start Program. This assists the taxpayer in reaching an arrangement with the IRS and allows them to pay a reasonable amount. The IRS’s key criteria for the interview is the taxpayer’s financial status.
How To Apply For The IRS Fresh Start Programs?
Getting into the IRS Fresh Start Program to resolve, reduce, and eliminate tax debt is now easier than ever thanks to the newly improved eligibility requirements. Before being accepted, you must go through a brief financial interview with one of our tax specialists to see which program might be best-suited for you. To save some time, call in Mon-Fri during our office hours, 8 A.M. – 5 P.M PST. To get in contact with a specialist, click “Check Eligibility” below.
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