The IRS Fresh Start Initiative tax lien program does not erase your debt. It simply gives you more options to help you reach a tax resolution. However, the programdoesallow for a withdrawal of the lien from the public records in your county of residence. While not eliminating your debt, wi...
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 ...
You can do this. A fresh start is on the horizon. What Is the IRS Fresh Start Program? The IRS created the Fresh Start Initiative as a way of expanding assistance to those dealing with tax debt. The program has been around for over a decade, and has been expanded to loosen some of ...
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...
(1) favorite regional submission – not including the 2022 Fresh Start Winner – from each of the five (5) U.S. regions (West, Southwest, Midwest, Southeast, and Northeast), and these five (5) winners will be deemed The Grand Prize Winners, each receiving a one-time payment of $15,...
Here’s what they had to say about the Fresh Start initiative this year: "These were all so moving, it made it nearly impossible to decide!"Sarah Michelle Gellar “ Congrats to all of our 2022 Winners! Thank you to everyone who participated to help us give dogs and cats across the ...
IRS Doubles Down on Fresh Start InitiativeMatthew Portnoff
WASHINGTON - For the last several years, the Internal Revenue Service has offered some relief for people having problems paying their taxes.This tax season, the IRS has specifically targeted the unemployed and smallbusiness owners for help through its Fresh Start initiative. The agency is also ...
Internal Revenue Service's (IRS) Fresh Start taxpayer relief program as of May 2012, focusing on the IRS' institution of an abatement for tax year 2011 for the IRS' failure-to-pay penalty, as well as a doubling of the dollar threshold for tax balance due amounts....