The IRS announced an expanded "Fresh Start" initiative Wednesday to help struggling taxpayers with a number of measures for relief (IR-2012-31). One of the most noteworthy of these measures is the abatement for the 2011 tax year of the failure-to-pay penalty (0.5% per month of the tax ...
To address the situation, the IRS re-tooled some of its collection programs to make them more accessible and more helpful. The result was the IRS Fresh Start Initiative. This guide will discuss what the IRS Fresh Start Initiative programs are. It will also explore how the program can help ...
One of the most notable updates of the Fresh Start Initiative Program is the doubling of the threshold required for the IRS to file a notice of afederal taxlien. This means that first-time debtors who owe less than $25,000 can have their federal tax lien removed, providing even more reli...
IRS Doubles Down on Fresh Start InitiativeMatthew Portnoff