The IRS is coming after you, and they are not messing around. If you owe more than $10,000 in back taxes, the chances of getting out of this mess without paying what you owe are slim to none. You might be tempted to agree to an IRS payment plan right now because it sounds like a good idea – but don’t do it before getting another opinion.

Payment Plans

Tax debt is nothing to be embarrassed by; in 2018, the Internal Revenue Service reported that over 14 million Americans owed $131 billion in unpaid taxes, penalties, and interest.

The number of Americans owing back taxes has almost certainly increased as a result of the pandemic-induced shutdown. If you owe the IRS money, there are various options available to you.

From the IRS’s standpoint, they’d love to put you on a long-term payment plan. The majority of people are unaware that an IRS payment plan is neither the only nor the best approach to resolve their tax problems.

What Is The IRS Fresh Start Program?

The IRS Fresh Start program is 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

What Are You Waiting For?

The IRS Fresh Start Program is an effective way to take control of your tax situation. This program offers a variety of solutions for taxpayers who are struggling with unpaid taxes, and ensures that you will not be penalized or face additional penalties if you qualify for the program. So what are you waiting for? The time to begin this process is now!

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.

  1. Fill out some basic information about yourself and your back taxes here.
  2. Have a representative reach out to you to discuss your eligibility.
  3. Go through the enrollment process and finally reduce or eliminate your tax liabilities.