The Fresh Start Program does not make it easy to get out of tax debt, but it does provide a path that allows you to find the way out. The Fresh Start program has some important benefits. On the one hand, it allows you to pay off your tax debt without a huge down payment. In both commitment plan offers and installments, you can spread the costs of your debt over several months or even years.
The Fresh Start program is open to any taxpayer who owes taxes and has difficulty paying them. These 5 companies have experience negotiating with the IRS and could help you save on your back taxes. Get the high-quality tax help you deserve by using TaxCure to find a local tax debt specialist in your area. Instead, it expands existing programs, including the Offer in Compromise program and the installment agreement program.
Their team of enrolled agents and tax lawyers are professionals in negotiating with the IRS and have experience with the IRS's Fresh Start initiative. Chapter 7 bankruptcy involves the liquidation of assets to settle debts, while Chapter 13 bankruptcy involves the reorganization of the debt and a repayment plan to pay creditors over time. Eligibility depends on showing that paying both living expenses and back taxes will cause undue hardship. You can send payments to the IRS in a variety of ways, including direct payment, debit card, credit card, check, or money order.
The first step in applying for the IRS Fresh Start program is to contact your tax lawyers or accountants to see if you qualify. Conversely, when you call a large company for tax breaks, you're dealing with a seller who doesn't really understand taxes and isn't subject to any professional ethical standards. Conversely, if you're working directly with an IRS agent, your main concern is to ensure that you get paid to the IRS. When evaluating your eligibility for the commitment offer program and calculating the minimum offer amount, the IRS takes into account your expected income for 12 to 24 months from now.
Because the IRS Fresh Start Program offers different types of assistance, the procedure, qualification, and application method also vary depending on the type you choose to apply for. The program offers several different options, such as payment plans and simplified procedures for filing taxes.