Penalty abatement is the IRS term used to reduce or eliminate a penalty. Penalty abatement can also be considered Fresh Start tax relief. Penalty Abatement will only be granted if there is a valid reason. Penalty abatement can be requested at all levels of IRS collections. Remember that Penalty Abatement can only be granted by local IRS offices. A Penalty Abatement request can be made for free.

Currently non-collectible status, unlike the other Fresh Start tax programs, is a status rather than a type of Fresh Start tax relief. If the taxpayer cannot pay their taxes, the IRS has the right to put them in Currently Noncollectible status. Although this status does nothing to remove tax debt, it does end any collection activities. These activities include wage garnishments and bank levies as well as tax liens. Taxpayers can find Fresh Start tax relief with Currently Not-Collectible Status in peace. The IRS will not pursue them. The IRS Fresh Start Program qualification requirements are required to qualify for Currently Collectible Status. These qualifications are discussed below. It is highly recommended that you speak with a tax professional before applying for this status from the IRS. If you attempt to apply for the IRS Fresh Start Initiative Program yourself, the IRS may try to negotiate terms that are more favorable to you. After your Currently Not-Collectible Status expires, the IRS can begin collecting payments again. This will mean that the IRS will continue sending letters and phone calls warning of penalties. A tax relief company will help you remain in Currently Non Collectible Status for as long as possible and can also help you to develop a strategy to leave Non Collectible Status.

Current tax returns will be the most difficult hurdle to clear. To be eligible for the Fresh Start program, you must have all your tax returns up to date. In addition, you will need to have correct amounts of withholdings in the current year. This is the IRS’s way of ensuring that taxpayers can be held accountable. "@type", "Answer", or "text": Since the IRS Fresh Start program's inception back in 2011, the Tax Group Center has been helping people make the most of it. This has allowed us to become very familiarized with the program. Tax Group Center has many options to assist you if you are facing a problem regarding late taxes.

Tax relief through the federal Fresh Start Program is only possible for those who qualify. To meet the IRS Fresh Start Initiative qualifications, you must be able to prove that paying your tax balance would cause significant financial hardship. The severity of your financial hardship determines what kind of Fresh Start tax program is available to you.The IRS has guidelines for what constitutes a financial hardship, but the full responsibility to prove the hardship falls to you, the taxpayer, or to the tax relief company hired to represent you.

We understand what you are thinking. This Fresh Start Program sounds too good to be true. The good news? The IRS program is completely legitimate.

Your initial payment should not exceed 20% of the total amount you are offering to pay. If you are notified in writing that your offer was accepted, you will need to pay the balance in five or less payments.

The IRS Fresh Start Program could be of benefit to you, if you're a taxpayer who is happy to repay your debts in a series with a direct payments structure. This agreement allows individuals with tax liabilities to pay down their taxes in smaller installments and more easily over time.

The IRS Fresh Start Initiative Program assists taxpayers who owe taxes to the IRS in paying back taxes and avoiding tax liens through various payment options. The IRS has many tax debt relief options. The Fresh Start Program is a general term. The program made changes primarily around tax liens and installment agreements.

For more information on how to apply for the IRS Fresh Start Program, please get in touch with us for a free tax case review.

Only those who are eligible for tax relief under the federal Fresh Start Program can receive it. You must prove that your ability to pay your tax balance will cause financial hardship in order to meet the IRS Fresh Start Initiative requirements. Your eligibility for the Fresh Start tax program will depend on how severe your financial hardship is. Although the IRS has some guidelines about what constitutes financial hardship, you or the tax relief company you hire have the sole responsibility of proving it.

If you meet the guidelines for low income certification, you do not need to pay the application fee nor the initial downpayment. This will depend on the size of your family, your household's monthly earnings, and where you live. Your initial fees will be waived if you have a family of three and your household income per month is less than $3,997.

Many businesses that have been severely impacted by coronavirus (COVID-19) qualify for employer tax credits – the Credit for Sick and Family Leave, the Employee Retention Credit, and Paid Leave Credit for Vaccines.