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Do I Qualify For The IRS Fresh Start Program | Flat Fee Tax Service

Updated: Sep 18, 2019

What is the IRS Fresh Start Program? When you owe the IRS a substantial amount of money (more than $10,000), you might wonder how you can get it paid in full without incurring costly interest and penalties. Rather than going deeply into debt, you could pay off what you owe affordably by making use of the IRS Fresh Start Program. You can decide if this tax relief program is right for your tax debt situation by learning what it is and how to apply for it today. What is the IRS Fresh Start Program?  

The IRS Fresh Start Program (#IRSFreshStart) is a program that is designed to allow taxpayers to pay off substantial tax debts affordably over the course of six years. Each month, taxpayers make payments that are based on their current income and the value of their liquid assets. By the end of six years, their tax debts should be paid off in full. 

This program simplifies the process of paying back hefty tax debts. It also helps people avoid many of the detriments of owing a tax debt to the IRS including: 

Interest and Penalties Federal Tax Liens Seizure of assets (bank accounts, property, etc.) Wage garnishments (paycheck, wages, Social Security)

People who owe a tax debt of $50,000 or less to the IRS are qualified to initiate the Fresh Start repayment process at any time. When they apply for this tax relief program, they can choose one of three repayment options that are available to them. 

The IRS initiated its Fresh Start Program in 2008 and expanded it in 2012 to ease the financial burdens of taxpayers who owe up to $50,000 in taxes. It is available to both business owners and individual taxpayers. 

The IRS Fresh Start Initiative takes into consideration the financial hardships faced by people who experience circumstances like unemployment. Taxpayers who are unemployed for longer than 30 days may be eligible to have their IRS penalties waived. They also could have request a six month extension to file and pay their taxes without fear of costly IRS penalties

Repayment Options under the IRS Fresh Start Program  

The IRS Fresh Start Program offers three repayment options to taxpayers. All three options allow taxpayers to pay off their tax debts legally and satisfactorily. They also allow people to avoid further penalties and interest that could cause undue financial hardships. 

IRS INSTALLMENT AGREEMENT - STREAMLINE The first option available to people is called an extended installment agreement. An extended installment agreement is designed for people who owe $50,000 or less to the IRS. It grants taxpayers up to six years to pay off what they owe without incurring additional penalties and interest. It also stops IRS collection activities like wage garnishments, tax liens, and seizure of assets. 

This option is one of the most commonly utilized under the IRS Fresh Start program. The payments that taxpayers make each month will be based on how much money they currently make along with the value of the assets they have at their disposal. The payments are designed to be affordable so taxpayers can make them on time and without financial difficulties each month. 


OFFER IN COMPROMISE The second option is called an Offer in Compromise. An Offer in Compromise (#OfferinCompromise) is a more common than you might think. 

With an Offer in Compromise, a taxpayer makes an offer to settle the tax debt for less than what he or she owes. This settlement offer is significantly lower than the actual value of the tax debt.  FLAT FEE TAX SERVICE CLIENTS HAVE A 96% IRS SETTLEMENT SUCCESS RATE.


PER 2016 IRS STATISTICS, THE IRS APPROVED APPROX. 42% OF THE 80,000 OFFER IN COMPROMISE SUBMISSIONS. Applying for the IRS Fresh Start Program  

To apply for the IRS Fresh Start Program, you are required to follow the guidelines established by the IRS. You first must file all of your back and current tax returns. 

You cannot request any of the repayment options if you have outstanding tax returns that you have yet to file. The taxpayer also must resolve to file all of your future returns on time while you are enrolled in the Fresh Start Program. 

Once you file all of your tax returns, you can then go to IRS.gov to enroll in the program using the Online Payment Agreement tool. This allows you to select the repayment option in which you are interested. If you prefer not to enroll online, you can request to be part of the IRS Fresh Start Program by filling out and submitting IRS Form 9465, which can be found on IRS.gov

Enrolling in the program can be a complex undertaking that you might not understand or be prepared to see through to the end. To ensure you are enrolled successfully in the repayment plan of your choice, you may want to hire a tax professional to assist you. 

An IRS Tax Attorney can assist you in disclosing all of the requested information like how much you earn and the value of your assets. Our tax relief firm can also help you avoid disclosing information that could be used against you in a criminal investigation or audit. Flat Fee Tax Service, Inc. can advise you on the best repayment option to pursue and guide you in applying for and being accepted for it. 

Paying a substantial tax debt can put undue hardship on your finances. You can avoid going into debt and settle your debt more affordably when you take part in the IRS Fresh Start Program. The IRS Tax Attorneys at Flat Fee Tax Service can assist you in choosing the best repayment option for your finances today.

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