What is the Fresh Start progran for those who owe delinquent taxes?

What is the Fresh Start progran for those who owe delinquent taxes?

  • August 15, 2017
  • David Greene
  • Comments Off on What is the Fresh Start progran for those who owe delinquent taxes?

The Fresh Start program helps many taxpayers but not all. It is designed to help those with smaller amounts owing in delinqueat taxes. Basically the program provides a simple way for taxpayers owing less than $25,000 in delinquent taxes to enter into an
Installment Agreement to pay the taxes, penalties and interest in full. This is called a
streamline installment agreeent and it requires a monthly amount that will pay the
balance due in full within 72 months. Also, the taxpayer does not have to submit any of
his personal financial information to the IRS for the agremeent to be approved. Another part of the program is that the IRS will sometimes now agree to withdraw their tax lien if the taxpayer owes less than $25,000.

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