If you're struggling with tax problems and trying to get a fresh start, the IRS Fresh Start Program might be the answer you've been looking for. This program was introduced by the Internal Revenue Service (IRS) to help taxpayers who are experiencing financial difficulties due to their tax debt. In this article, we'll discuss the IRS Fresh Start Program and why you should use an Enrolled Agent to help you with it.
What is the IRS Fresh Start Program?
The IRS Fresh Start Program is a series of initiatives aimed at making it easier for taxpayers to pay off their tax debt. The program was launched in 2011, in response to the economic downturn, which made it harder for many taxpayers to pay their tax bills.
The program has several components, including:
Installment Agreement: This allows taxpayers to pay off their tax debt in monthly installments over a period of up to six years. The Fresh Start Program raised the threshold for eligibility from $25,000 to $50,000, making it easier for more taxpayers to qualify.
Offer in Compromise: This allows taxpayers to settle their tax debt for less than the full amount owed. The Fresh Start Program streamlined the process, making it easier for taxpayers to qualify.
Use this link to see if you qualify
https://irs.treasury.gov/oic_pre_qualifier/
Penalty Relief: This component of the program provides relief from certain penalties, such as the failure-to-pay penalty, for taxpayers who qualify.
Lien Relief: This allows taxpayers to have a tax lien removed if they pay their tax debt in full or enter into an installment agreement.
Why Should You Use an Enrolled Agent to Help You with the Fresh Start Program?
An Enrolled Agent (EA) is a tax professional who is licensed to represent taxpayers before the IRS. EAs are trained in tax law and are required to pass a rigorous exam before they can practice. They can help you navigate the complex tax code and negotiate with the IRS on your behalf.
Here are some reasons why you should consider using an Enrolled Agent to help you with the Fresh Start Program:
Knowledge and Expertise: EAs have a deep understanding of tax law and are up-to-date with the latest changes to the tax code. They can help you understand your options under the Fresh Start Program and guide you through the process.
Experience: EAs have experience dealing with the IRS and know how to negotiate with them effectively. They can help you avoid common pitfalls and ensure that you get the best possible outcome.
Representation: EAs can represent you before the IRS, which means that they can communicate with the IRS on your behalf. This can take the stress out of dealing with the IRS and ensure that your rights are protected.
Confidentiality: EAs are bound by strict confidentiality rules, which means that they will keep your information private and secure.
In conclusion, the IRS Fresh Start Program can be an excellent option for taxpayers who are struggling with tax debt. If you're considering using the program, it's a good idea to work with an Enrolled Agent who can help you navigate the process and ensure that you get the best possible outcome. With their knowledge, experience, and representation, an Enrolled Agent can help you get the fresh start you need.