The IRS Fresh Start Program refers to one of the following three things:
* Getting your tax lien removed.
* Reducing what you owe the IRS.
* Working out a deal with the IRS without requiring financial disclosure.
Let's go thru these:
Getting your tax lien removed. The IRS previously was pretty finicky about removing liens. The Fresh Start Program now allows for lien removal for people who are 1. willing to bring their balance below $25,000 OR 2. people who are able to bring their balance below $50,000 (before a lien has already been filed) to prevent one from being filed.
Settling your tax debt with an Offer in Compromise. The Offer in Compromise has been around for decades, but the Fresh Start Program does allude to this tried and true procedure for people who can demonstrate that they can't pay what they owe the IRS before their tax expires. The Tax Problem Resolution Blog has a six part series to show how it is done: Offer in Compromise with IRS - a Six Part Series
Working out a deal WITHOUT full financial disclosure. Worried about having to shake out your whole financial tree in front of the IRS? With the IRS Fresh Start Program, you can get into a payment plan if your debt is under $50,000 without having to fill out a financial statement.
Washington Tax Services a national tax representation company, has been implementing the IRS Fresh Start Program for clients for 25 years. Please call us at 1-888-282-4697 to discuss your IRS collection's issue!
* Getting your tax lien removed.
* Reducing what you owe the IRS.
* Working out a deal with the IRS without requiring financial disclosure.
Let's go thru these:
Getting your tax lien removed. The IRS previously was pretty finicky about removing liens. The Fresh Start Program now allows for lien removal for people who are 1. willing to bring their balance below $25,000 OR 2. people who are able to bring their balance below $50,000 (before a lien has already been filed) to prevent one from being filed.
Settling your tax debt with an Offer in Compromise. The Offer in Compromise has been around for decades, but the Fresh Start Program does allude to this tried and true procedure for people who can demonstrate that they can't pay what they owe the IRS before their tax expires. The Tax Problem Resolution Blog has a six part series to show how it is done: Offer in Compromise with IRS - a Six Part Series
Working out a deal WITHOUT full financial disclosure. Worried about having to shake out your whole financial tree in front of the IRS? With the IRS Fresh Start Program, you can get into a payment plan if your debt is under $50,000 without having to fill out a financial statement.
Washington Tax Services a national tax representation company, has been implementing the IRS Fresh Start Program for clients for 25 years. Please call us at 1-888-282-4697 to discuss your IRS collection's issue!
