What is the Fresh Start program for back taxes?

The IRS Fresh Start Program is an umbrella term for the debt relief options offered by the IRS. The program is designed to make it easier for taxpayers to get out from under tax debt and penalties legally. Some options may reduce or freeze the debt you’re carrying.

Is IRS Fresh Start legitimate?

The IRS Fresh Start Program is a real program announced by the IRS. In this article we will answers some of the common questions taxpayers routinely ask, and find out if the IRS is really “on your side”.

Do I qualify for the Fresh Start program?

Installment Payments Under the IRS Tax Fresh Start Program Before Fresh Start, only taxpayers who owed $25,000 or less in tax debt could qualify for installment payments. Since the 2012 tax law change, you can owe up to $50,000 and still be eligible for this option.

How does fresh start work for the IRS?

Under the Fresh Start Program, the IRS made a change to the manner in which it calculated the Offer in Compromise Doubt as to Collectibility.

When is the best time to submit an oic to the IRS?

Right now is an optimal time to submit an OIC to the IRS. Through the Service’s Fresh Start program, the OIC has been redesigned to be more taxpayer-friendly experience. The end result is a better process that will guide you toward the acceptance of your Offer.

Who is eligible for the Fresh Start program?

The Fresh Start Program applies to both individual taxpayers and small businesses struggling with their tax debt. While you may hear commercials on the radio and television from these companies about the Fresh Start Program and reducing your tax debt, you are probably wondering if it is for real?

What happens if I Return my OIC application?

Any application fee included with the OIC will also be returned. Any initial payment required with the returned application will be applied to reduce your balance due. This policy does not apply to current year tax returns if there is a valid extension on file.