IRS
FRESH START PROGRAM
Fresh Start Program is also known as Fresh Start Initiative.
FRESH START INITIATIVE
This Program provides Tax Relief to selected taxpayers who owe money to IRS.
TAX RELIEF
The real financial condition is the foremost criteria for evaluation of a taxpayer
EVALUATION
According to this program norms, IRS can collect only what taxpayers can afford to pay.
MANDATE
Watch Now
Taxpayers can visit or call IRS to determine their eligibility for this program.
ELIGIBILITY
Provide as many supporting documents as possible to qualify for this program
DOCUMENTS
Documents can be doctor medical certificates, fire reports, student loan statements, insurance claims etc.
DOCUMENTS
It is better to include a letter along with Form 843, explaining the reason you are unable to pay tax debts.
LETTER
You must file all your pending tax returns before applying for this IRS Fresh Start Program
ADDITIONAL REQUIREMENT
After approval taxpayers will get an update about the new outstanding amount they need to pay to IRS.
APPROVAL
There are four programs available for taxpayers to pay outstanding amount to IRS
4 PROGRAMS
This program lets taxpayers pay the outstanding amounts to IRS through monthly instalments.
Installmen
t Agreement
OIC let taxpayers negotiate their tax debt to a lesser amount than they owe to IRS.
Offer in Compromise
If the taxpayer cannot pay their tax by any means, then IRS can place them in this status.
Currently Non-Collectible Status
The IRS remove or reduce penalty of a taxpayer on request basis
Penalty Abatement