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 ...
Find Out if You Qualify for the Fresh Start Initiative The IRS Settled $196 Million in 2022 Divorce often results in changes to your taxable income, which can lead to tax debt. Single parents may face great emotional and economic challenges as a sole car
The fresh start initiative gives greater flexibility to taxpayers, helping them get back on the right track. The program includes a number of debt relief options with the IRS. Some of these options lower your total tax bill, while others give you added flexibility on payment agreements. ...
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 the restrictions for accessing various tax types of tax relief through the IRS. ...
Education. If you're one of them, I don't have to tell you about the toll this takes -- no access to further student aid and relief programs, a negative mark on your credit report, and the stress of knowing you've got less help. But a new government initiative could ...
Officer Haidar: They need to go out on the street and start walking around and opening their eyes and seeing the homeless. I’m here in SJ…I talk to people on the west side, they’ve never been to the east side. They have no reason to be on the east side, but that’s where ...
Suvarnam,a get together party of family members of the Calicut Press Club during its golden jubilee time held at Karaparambu Government Higher Secondary School in Kozhikode on the Republic Day.The celebrations have set a wave of hope ,revival, and togetherness among its community members as the...
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....
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 ...