Over 750 Million Tax Liability Removed from Our Clients
IRS Fresh Start Initiative
If you're weighed down with massive tax debts to the IRS and your situation looks inescapable, don't give up hope. You may be able to qualify for benefits under the IRS Fresh Start initiative. Established in 2011, the IRS Fresh Start initiative has helped many struggling taxpayers and small businesses to break free from their tax debts. As your tax representatives, we will contact the IRS on your behalf and negotiate for tax relief under the Fresh Start Initiative.
- To qualify for the Fresh Start intiative's benefits, taxpayers must be current on their tax returns, show an inability to pay, and stay current on their taxes after entering a tax settlement. Businesses must also be current on quarterly employment tax returns. We can assist you with filing any back tax returns, and will present your case to the IRS to get you the tax relief you need.
- Taxpayers may file to have a federal tax lien withdrawn if they owe less than $25,000 or can pay down their tax debt under that amount.
- Under the Fresh Start Initiative, taxpayers may be eligible for a Streamlined Installment Agreement with the IRS if they owe $50,000 or less. A Streamlined Installment Agreement allows you to pay down your back taxes through monthly installments over the next 6 years. The IRS will not file a Federal Tax Lien against you while the plan is in place.
- Under the Fresh Start Initiative, taxpayers may be eligible for an Offer In Compromise if their annual income is under a threshold of $100,000, based on 1 or 2 years of future projected income. In an Offer in Compromise, you agree to pay part of your back taxes and have the remainder of your debt forgiven by the IRS.
- When entering a Installment Agreement or Offer in Compromise under the Fresh Start Initiative, you may also be able to have your penalties abated.
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