TL;DR: The Fresh Start Program helps make streamlined installment agreements more easily available to taxpayers. Setting up an installment agreement with the IRS may help you avoid some tax penalties. This guide explains who qualifies, the rules that apply, and how to apply them to your situation.

There’s Another Way to Resolve Tax Debt

The Fresh Start Program helps make streamlined installment agreements more easily available to taxpayers. Setting up an installment agreement with the IRS may help you avoid some tax penalties.

If you owe $50,000 or less, the Fresh Start Program can help you pay your debt through monthly direct debit payments spread out over six years. Because the process has been simplified, you may not even have to provide a financial statement to take advantage of this type of installment agreement.

If you owe more than $50,000, you may still be able to benefit from installment payments. But the IRS will likely require you to provide a financial statement and fill out Form 433-A or Form 433-F. Always consult with a tax attorney before providing personal financial information to the IRS. If you owe a lot of money to the IRS, it can help to have a tax relief company on your side. The best tax relief firms have tax lawyers and enrolled agents on staff, provide a money-back guarantee and charge competitive rates. Check out which tax relief company is the best fit for you.

The IRS Fresh Start Initiative

While the IRS Fresh Start Initiative operates through various IRS channels, they try not to advertise it to taxpayers. Their preferred method of tax resolution is payment plans because they allow the IRS to maximize collections.

Alternatively, the IRS Fresh Start Initiative offers taxpayers the chance to significantly reduce their tax debt, sometimes by as much as 90 or even 95%.

Don’t be tricked into an IRS payment plan. Their sole intention is to extract as much money from you as possible through unreasonable deadlines and harsh penalties.

Don’t Wait to Check Your Eligibility for the Fresh Start Initiative

At the height of the pandemic, the IRS temporarily closed its doors. Since then, the IRS has accumulated a massive backlog of almost 11 million pieces of unanswered letters.

Experts are predicting that by 2021 the IRS will be back at full capacity. When that time comes, they are going to want to put as many Americans as possible on payment plans.

It’s up to you to check your eligibility for the IRS Fresh Start Initiative before 2021. We offer a Tax Relief Survey as a FREE resource, a few minutes of your time could help you save THOUSANDS.