Resolve Insurmountable Tax Debts with the Fresh Start Program

What is it?

The Fresh Start Program with the IRS was launched to the public in 2011 to give delinquent taxpayers a chance to resolve tax debts.

Does this mean I won't have to pay?

No. There are some situations where the tax debt may be forgiven, but it is a complicated process to cover here. You must meet the criteria to qualify for tax debt forgiveness. Visit the link below to learn more about the process.

If you owe up to $50,000...

You may qualify for a streamlined installment agreement, which can have a repayment term of up to 72 months. There is a similar program for businesses owing up to $25,000, called the in-business trust fund express installment agreement.

Bottom Line... Talk to a Tax Attorney

Those of you who have a serious tax liability will benefit the most from a tax attorney. It's wise to have someone experienced with the tax laws walk you through the process.

The Fresh Start Initiative made it easier for certain taxpayers to reach better terms with the IRS. However, it's nothing more than a bunch of changes made to a vast and complex set of rules that were already in place.