Although not all people will be eligible for these options, the IRS will work with each individual to determine which relief option is best for you. The Fresh Start program benefits both taxpayers and the IRS.
IR-20221-224 - More California wildfire assistance from IRS: Sept. 15, Oct. 15. Deadlines, additional dates extended to January 3 for certain areas
If you have a large tax debt that you cannot pay immediately, you should learn more about the Fresh Start Program. If you are unable to pay the entire amount but still need financial assistance, this debt relief option may be a good choice.
The Coronavirus Aid, Relief and Economic Security Act, (CARES Act), provides a refundable tax credits against certain employment taxes. It is equal to 50% to the qualified wages that eligible employers pay to employees. The CARES Act allows these credits for wages paid before January 1, 2020 and after March 12, 2021. You can find Notice 2021-20PDF. Notice 2021-50PDF. Revenue Procedure 2021-33PDF.
December 27, 2020 - Taxpayer Certainty and Disaster Tax Relief Act of 2020 - Relief Act. The Relief Act amended and extended employee retention credit and the availability of some advance payments of tax credits. The credit can be obtained immediately by reducing the amount of employment tax deposits required. You might be eligible for an IRS advance payment if the amount of your employment tax deposit is not enough to cover the credit. Read Notice 2021–23PDF, Notice 2020-49PDF, Revenue Procedure 2021–33PDF.
You might think the IRS Fresh Start initiative sounds like a great idea, but you also might not be sure if you qualify for any type of tax relief.
You fill out a few forms. You say very nicely to the IRS, “Let’s compromise. I’ll give you $10. You swallow the rest ($99,990). That’s fair, isn’t it?”
Fresh Start has made it possible. It's all here.
An Offer in Compromise is an effective and simple way to get rid of thousands of tax-debtorks. This federal program will help you settle your tax debt for a fraction of what you owe. You can get a lower amount if your family has low income.
It’s all made possible with the Fresh Start initiative. Learn everything you need to know about it below.
Our skilled attorneys will review your criminal record and help you seek the appropriate relief. To help you decide the best record relief options for you, we will get a copy of your California Department of Justice Criminal History Report. We may also request other court records. Click here to learn more about the Fresh Start program.
To help struggling taxpayers affected by the COVID-19 pandemic, the IRS issued Notice 2022-36 PDF, which provides penalty relief to most people and businesses who file certain 2019 or 2020 returns late. The IRS is also taking an additional step to help those who paid these penalties already. To qualify for this relief, eligible tax returns must be filed on or before September 30, 2022. See this IRS news release for more information on this relief.
We've only briefly covered the basics of this program. We are available to answer any questions you may have, to give you a definitive answer about eligibility, and to help you apply for the Fresh Start Initiative. No matter what your situation, our friendly, qualified tax professionals can help you find the best way to move forward.
Securely access your IRS online account to view the total of your first, second and third Economic Impact Payment amounts under the Tax Records page. You can no longer use the Get My Payment application to check your payment status.
Unlike the other three Fresh Start tax programs, Currently Non-Collectible Status is just that: a “status” rather than a form of Fresh Start tax relief. The IRS reserves the right to place a taxpayer in Currently Non-Collectible Status if the taxpayer cannot pay their taxes.While this status does not necessarily remove tax debt, it does stop any collection activities. Such activity includes bank levies, wage garnishments, tax liens, and threatening letters from the IRS. Currently Non-Collectible Status allows a taxpayer to find Fresh Start tax relief in peace, without the IRS coming after them.To qualify for Currently Non-Collectible Status, you will need to meet the IRS Fresh Start Program qualifications, which we discuss in more detail below. We highly recommend that you consult with a tax professional before requesting this status from the IRS. Should you try to apply for the IRS Fresh Start Initiative Program on your own, the IRS will attempt to get you to agree to terms that are more favorable for them.Additionally, once the time period of your Currently Non-Collectible Status ends, the IRS will begin again in their efforts to collect on payments, and those phone calls and letters threatening penalties will continue. A tax relief company can help you stay in Currently Non-Collectible Status for as long as possible, and can help you develop a strategy for when you leave Non-Collectible Status.
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The Fresh Start Program is available to eligible businesses that owe taxes. You will need to comply with the following requirements in this situation:
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The IRS Fresh Start Initiative Program aids taxpayers who owe IRS taxes in paying back taxes or avoiding tax liens by offering a range of payment plans. The IRS has many tax debt reduction options. The Fresh Start Program can be described as a broad umbrella term. The program implemented changes that mainly revolved around installment agreements, tax liens, compromise offers, and other collectible charges.
To request assistance, please fill out a Fresh Start Request for Assistance form. You may return the form through email, fax, mail, or drop off at the address below.
Check here to see whether you meet their guidelines: www.irs.gov/advocate/low-income-taxpayer-clinics/low-income-taxpayer-clinic-income-eligibility-guidelines