IRS Fresh Start Program Basics

: Chris Lee Law Firm

  Filed under: Tax Debt

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For many individuals struggling with back taxes, dealing with the IRS is just another daunting headache. But does it have to be that way? While working with a tax attorney will certainly help make dealing with your tax debt easier, the IRS is also trying to overcome negative stereotypes. The Fresh Start Program by the IRS is designed to give taxpayers and opportunity to pay back taxes and avoid tax liens. For those seeking to get a handle on their tax debt, the Fresh Start program by the IRS addresses:

  • Notice of Federal Tax Liens
  • Offer in Compromise
  • And Installment Payment Agreements for Back Taxes

Eliminate Your Back Taxes Through Fresh Start

Paying back your back taxes to the IRS through the Fresh Start program is a simple way to get back on track. Fresh Start is designed to make it easier for all taxpayers to take advantages of the programs that the IRS already provides. These include dealing with:

  • Tax liens. Through the Fresh Start program, taxpayers can have up to $10,000 in tax debt before the IRS files a Notice of Federal Tax Lien against them. In a few rare cases, the back taxes can be lower than $10,000 for the lien notice, but for most scenarios that is the threshold.
  • Installment agreements. If you owe less that $50,000 in tax debt, the IRS will help you streamline installment agreements to pay the back taxes that you owe. Direct debit payments can be used to take the payment directly out of your checking account, saving the need for paper and the time it takes to physically pay the bill. Of course, working with a tax attorney can also help you organize installment agreements for your tax debt.
  • Offers in compromise. Want to settle your back taxes for less then what you owe? Then you might want to consider an offer in compromise. This strategy of dealing with tax debt can be difficult, so be sure to work with an experienced tax attorney to get the back taxes relief that you deserve.

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