The Academic Fresh Start Program does not apply to the Standards of Academic Progress for financial aid applicants. Therefore, the student may not qualify for financial aid based on prior academic performance.

You can hire a qualified tax professional or tax relief company to help you do the paperwork, but it’s not required, and the money you pay them might be more than the money you’re hoping to save on your taxes.

Another bad news is that the IRS will generally not allow you count college expenses or private school expenses, charitable donations, voluntary retirement contributions, or payment on unsecured loans.

If you owe the IRS or can't pay your tax debt completely, then the Fresh Start tax initiative might be a good option.

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

The IRS estimates that there are more than 10 million flagged accounts each year. Despite being informed by thousands about the IRS Fresh Start Program every year, many people don't know it exists and may not even consider it an option. After you have received a summons, you need to contact a tax relief professional. The tax relief professional will assess your case and help you understand the facts. They'll then discuss with you your options, including the IRS Fresh Start Program. Tax relief experts ensure that your application is completed accurately and completely. It is not easy to work with the IRS.

The Academic Fresh Start Program does NOT apply to Financial Aid applicants who have met the Standards of Academic Progress. Accordingly, financial aid may not be available to students who have poor academic records.

You may also be eligible for Fresh Start if your business owes tax. These requirements will apply to you:

While you wait for the IRS decision on whether to make you an offer of compromise, you can still make payments.

The IRS Fresh Start Program is available to taxpayers who are willing to repay their debts in installments using a direct payment arrangement. The IRS Fresh Start Program allows tax-paying individuals who are eligible to do so in smaller amounts and with fewer penalties.

If you are considering applying for the Fresh Start Program, our experts can guide you through the process. Give us a call at 833-419-RISE (7473).To find more information on TaxRise services, and to learn about updates on the IRS Fresh Start Program for 2021, visit our blog, click the site menu to read client success stories, or follow us on Facebook and Twitter!

Although you can talk with the IRS through a trusted tax relief advocate to get your questions answered, you will not be able to completely eliminate your tax problems, no matter what you do. Although you are taking the right step in opening a dialog with the IRS, you might not be able to resolve all your tax problems. This is your chance for a fresh start and a chance to revive your business. It is important to show that you take the situation seriously and that you take it seriously. Because they offer you serious flexibility, they expect you to comply. While working on your agreement, you must pay your bills on time. The outcome of your Fresh Start decision will determine the time frame.