IRS Fresh Start Initiative
The IRS Fresh Start Initiative is a program designed to help taxpayers who are struggling to pay their tax debts. The program provides various options for taxpayers to pay off their tax debts in a more manageable way, including:. Continue Reading Below
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Learn About IRS Fresh Start Initiative
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About IRS Fresh Start Initiative
- Installment Agreement: Taxpayers can set up a payment plan with the IRS to pay off their tax debt over time.
- Offer in Compromise: This option allows taxpayers to settle their tax debt for less than the full amount owed if they meet certain qualifications and criteria.
- Penalty Relief: The IRS may provide relief from penalties for taxpayers who have reasonable cause for not paying their taxes on time.
- Lien Release: Taxpayers may be able to have a tax lien released if they meet certain qualifications and criteria.