the fresh start initiative
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the fresh start initiative
The Fresh start initiative was introduced by the US government in 2011 in an effort to protect tax payer from the predatory the actions of the IRS. It offers tax payers a way out of compounded penalties and interest incurred by the IRS actions while attempting to retrieve tax debt. Tax payers that get accepted into the Fresh Start Initiative can drastically reduce their debt and in some cases almost cutting the entire amount.
fresh start initiative and Fresh start program ?
The Fresh Start Initiative is like the Fresh start program, but with an updated set guidelines that helps more tax payers in debt get qualified for tax debt relief. The most utilized payment methods used under this program is Offer in Compromise (OIC) and Extended Installment Agreement. If you own the IRS $50,000 or less, you can qualify for monthly repayments and this would be extended out as far as 6 years. In that time you can be burdened free of any interest or penalties.
do I qualify for the Fresh start initiative?
There are a variety of programs that are offered with the Fresh Start Initiative. Each program has its own requirements and you need to be meeting the minimum requirements to qualify. Make sure any unfiled tax returns are filed, your tax debt doesn’t exceed $50,000, and self employed applicants show proof of a 25% reduction in income.
All unfilled tax returns must be filled immediately before applying for relief programs. Also consult with one of our tax experts to assist you in the process. Our Safeway Tax experts will assure you have all the necessary documentation and aid you in meeting all the requirements you may be falling short in.
ready for tax relief?
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