Is there a Fresh Start Program for businesses?
- October 31, 2022
- David Greene
- Comments Off on Is there a Fresh Start Program for businesses?
The Fresh Start program for companies is not discussed much, but it is there in a different format. The Fresh Start for business offers an Express Installment Agreement. To qualify, the business must meet the following criteria: (1) the amount owed is lesss than $25,000. If more is owed, the business can pay down the balance to under $25,000 and then qualify. (2) The debt must be full paid within 24 months or prior to the collections statute exiration date, whichever is earlier. (3) You must agree to have payments debited directly from a bank account. (4) You must stay current with all future filings and payments. Again this is without having to submit financial information to the IRS.