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 Fresh Start program represents a valuable opportunity for taxpayers struggling with tax debt to regain their financial footing. Its expanded payment options, penalty relief provisions and more accessible Offer in Compromise criteria have made tax debt resolution more achievable for many Americans...
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On occasion, taxpayers attempt to resolve their tax debts through various tax relief programs, but they still find themselves having trouble paying. Part of the IRS Fresh Start Program expands the repayment options available. Remember, the IRS wants its money. And that sometimes means striking a ...
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 ...
About IRS Fresh Start Initiative The IRS Fresh Start Initiative is a program designed to help taxpayers who are struggling to pay their tax debts. The program provides various options for taxpayers to pay off their tax debts in a more manageable way, including: Installment Agreement: Taxpayers ...
Chicago tax lawyer and CPA - IRS Fresh Start Program info tax debt relief and tax return preparation. 773.307.0181 Brian@Brianthompsonlaw.com
hardship for millions of Americans and drove a significant increase in accepted offers for Fresh Start tax relief in 2020. The IRS has also made it easier to calculate your future income when considering you for an offer in compromise, allowing more taxpayers to benefit from the Fresh Start ...
China’s capital markets continue to expand and open up, offering a range of innovative new investment channels. Henry Wong explores the tax challenges arising under each of these channels.
The IRS Fresh Start program represents a valuable opportunity for taxpayers struggling with tax debt to regain their financial footing. Its expanded payment options, penalty relief provisions and more accessible Offer in Compromise criteria have made tax debt resolution more achievable for many Americans...