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 ...
How to pay off tax debt with an IRS Fresh Start Program? There are two main ways to repay tax debt through the IRS Fresh Start Initiative: an installment agreement and an offer in compromise. The other tax debt relief methods are used to reduce or remove tax liens, tax levies, and pena...
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. ...
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. ...
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 relief for struggling taxpayers...
To start, you’ll require a few necessary documents: A valid government-issued ID, like a driver’s license or state ID The vehicle’s title, showing you own it Proof of income, like recent pay stubs, bank statements, or tax returns Proof of insurance for the vehicle being used as coll...
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 ...
(of which City Harvest is a part) launched an effort to mitigate food waste and close the nutrition gap by developing a new system to source excess produce and distribute it to its food banks across the country. Since 2014, before Feeding America launched this initiative, they’ve incre...
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....