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Imposters claim to be IRS employees and sound very convincing. Some companies appear to be the IRS or offer to help you settle tax debt through the Fresh Start program. Learn how to settle your debt with the IRS on your own. If you owe taxes and can’t pay, the IRS can help.
The Fresh Start Program was designed to simplify paying taxes by streamlining procedures and offering payment plans. Here are a few benefits of the program: May prevent a lien from being...
An offer in compromise allows you to settle your tax debt for less than the full amount you owe. It may be a legitimate option if you can't pay your full tax liability or doing so creates a financial hardship. We consider your unique set of facts and circumstances: Ability to pay. Income.
WASHINGTON — The Internal Revenue Service today unveiled a new how-to video series enabling taxpayers to avoid potential scams by considering and applying for an Offer in Compromise (OIC) themselves and avoid paying excessive fees to companies advertising outlandish claims.
The IRS Fresh Start program has also seen improvements with Installment Agreements. These agreements enable taxpayers to pay their debt over time. For small businesses, the updated terms now allow those with tax debts of $25,000 or less to opt for a streamlined payment plan, a significant change from the previous $10,000 threshold. ...
High-cost offer in compromise "mills” will aggressively mislead taxpayers into thinking their tax debts can disappear, according to IRS alerts. Such scams often refer to a "Fresh Start" program ...
This IRS program offers taxpayers repayment options to clear tax debts. Here’s how it works.
The Fresh Start program offers several options that allow small business owners to clear their tax liabilities, including an Offer in Compromise, installment agreements, penalty abatement, or the Currently Not Collectible status.
The Fresh Start Program from the Internal Revenue Service (IRS) helps consumers resolve tax issues and get back on track. Here’s how it works.
The Fresh Start program is designed so that taxpayers pay their debt in full within six years, and without a serious financial burden being placed upon them. It is open to any taxpayer who owes the IRS $50,000 or less in tax debt.