Fresh Start Tax Relief Program
If you hire a tax professional to help you file an offer be sure to check his or her qualifications.
Fresh start tax relief program. The irs fresh start program is designed to help taxpayers repay their tax debts without incurring financial difficulties. Fresh start is not itself a brand new program but rather an extension of existing tax debt relief programs. The irs fresh start program launched in 2011 is an initiative designed to make it easier for taxpayers to resolve tax debt by giving them a fresh start with the internal revenue service. Whether deliberately cultivated or not the irs did little to dispel this perception.
The irs officially launched the fresh start program back in 2011 with the aim of helping taxpayers get a fresh start with their tax debt and get some relief. Back in the bad old days the image of the irs was one of intimidation. The fresh start program offers relief from a variety of different forms of tax penalties including penalties for failing to file a tax return on time failing to file a tax return at all failure to pay your taxes on time and failure to make tax deposits when required. The fresh start initiative grants more flexible repayment terms for taxpayers to pay or absolve their back taxes without incurring penalties.
The main focus of the irs fresh start tax program is to reduce the burden of tax debt for citizens and small businesses during temporary financial difficulties. Irs fresh start relief program qualifications. If you qualify for the irs fresh start program you can apply for a six month extension of a tax payment deadline without any penalties. The irs will return any newly filed offer in compromise oic application if you have not filed all required tax returns and have not made any required estimated.
The goal of the program was to help taxpayers and small businesses with paying back taxes and avoiding tax liens. Types of relief under the fresh start program. Its assessment will range from the taxpayer s current financial situation to his or her tax compliance history. The irs conducts its own meticulous assessments to affirm a taxpayer s eligibility for the fresh start program.
The irs fresh start program is a tax relief program that is designed to allow taxpayers to pay off substantial tax debts affordably over time. Without this program they may face consequences that include.