IRS Fresh Start Installation Agreements

Friday, July 31, 2015

The Internal Revenue Service is offering taxpayers a form of tax penalty relief in the form of the Fresh Start Initiative.  For the past few years, struggling taxpayers have been provided a way to relieve their tax penalty obligations.  IRS Fresh Start was introduced in 2009 to promote and increase tax compliance among U.S. taxpayers who were struggling to pay their delinquent taxes.  This program offered them a “irs fresh start” by giving them a break from taxes they owe the IRS.  Originally, the program was meant to boost the economy and since has assisted thousands of taxpayers and businesses by reducing their past tax debt drastically, if they qualified for the Fresh Start Initiative.   

The Strategic Tax Lawyers are successful IRS Fresh Start Initiatives specialists.  In their capacity, the Strategic Tax Lawyers have assisted their clients who are struggling financially to resolve their unpaid tax liabilities.  If you are a taxpayer who is interested in reducing you tax debt because you are financially stressed because of tax debt, you should apply to see if you qualify for the IRS Fresh Start Initiative installment agreement.  If your tax penalty relief is $50,000 or less you can qualify for the program.  The Strategic Tax Lawyers are IRS Fresh Start Initiatives specialists who can assist you with this process.  If you owe over $50,000 in taxes, then you may not qualify for penalty relief.  However, the Strategic Tax Lawyers may still be able to assist you since there are options for payment installation agreements that could relieve your financial burden.   

The Fresh Start Initiatives include Offers in Compromise (OIC) as well as Notices of Federal Tax Lien (NFTL).  With the Fresh Start Initiative, the IRS saw a 60% decrease in the number of tax liens that were filed.  Those taxpayers who used OIC experienced other benefits and there were no penalties assessed for individuals and businesses requesting a late filing extension.  There were some drawbacks, however.  An audit of the program identified that there are recommendations for the IRS to focus on certain aspects, such as neglecting to file new liens when some taxpayers who owed over $10 million defaulted on their NFTL agreement.  In addition, the IRS still needs to assess how impactful the revenue has been with the decrease of NFTLs.  The audit has resulted in the IRS starting to file new NFTLs for those who had their original NFTL’s withdrawn as well initiate measures that would certify that new NFTLs will be filed if taxpayers default on their agreements. 

The Strategic Tax Lawyers are IRS Fresh Start Initiatives specialists that can help you resolve financial hardships.   Contact the offices of the Strategic Tax Lawyers to speak with an experienced IRS Fresh Start specialist and receive a free consultation. Call us at (800) 669-4775.