WebOct 20, 2024 · The Fresh Start initiative makes it possible to pay smaller amounts over a longer period of time without getting penalized. Eliminating tax liens: If you have received multiple notices from the IRS, the agency may have placed a lien on your assets in its attempt to collect debts. WebThe Fresh Start Initiative changed the process of federal tax liens. Now, the standard amount you must owe to risk facing a tax lien is $10,000 (an increase from the previous amount). Under certain circumstances, those who owe less than $10,000 can still be subject to a lien and receive a notice of federal tax lien.
About The IRS Fresh Start Program IRS Fresh Start Initiative
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What Is The IRS Fresh Start Program: Ways To Get Tax Relief
WebJan 6, 2024 · The Fresh Start Program is made up of tax code modifications. It provides a variety of relief and repayment options based on each applicant’s unique financial … WebOct 23, 2024 · Established in 2011 by the U.S. government, the IRS Fresh Start Program provides tax debt relief to select taxpayers who are indebted to the IRS. Those who are eligible for this program can reduce their federal tax debt. In fact, some taxpayers have been able to reduce over 90% of their outstanding debt! WebThe IRS Fresh Start Program aids in tax relief through four main program options such as installment agreements, offer in compromise, currently not-collectible status, and penalty … birmingham photo booth rental