Fresh Start Advantage is a reputable tax resolution company that provides comprehensive assistance to individuals and businesses grappling with tax debt. With a focus on resolving tax issues and alleviating the burden of unpaid taxes, we offer professional expertise and personalized strategies to achieve financial stability and tax regulations. We help you get qualified for one of these programs under the Fresh Start Program.
The program is not a separate program but a set of changes to existing IRS programs and policies to help taxpayers resolve their tax debt problems. Some of the key features of the program include:
Streamlined installment agreements:
The Fresh Start Program has made it easier for taxpayers to set up installment agreements to pay their tax debts. Taxpayers who owe up to $50,000 can apply for an installment agreement online, without having to provide a financial statement or substantiation of living expenses. In addition, taxpayers who owe between $50,000 and $100,000 can also apply for an installment agreement, but they may need to provide additional financial information.
Offer in Compromise (OIC): The Fresh Start Program has expanded the eligibility for taxpayers to qualify for an Offer in Compromise, which allows them to settle their tax debts for less than the full amount owed. The program has increased the threshold for the amount owed from $25,000 to $50,000, which means more taxpayers are eligible for the OIC.
Penalty relief: The Fresh Start Program offers penalty relief for taxpayers who have failed to file or pay their taxes on time. The program allows taxpayers who have a good compliance history to request a first-time penalty abatement for failure-to-file, failure-to-pay, and failure-to-deposit penalties.
Tax liens: The Fresh Start Program has made it easier for taxpayers to avoid tax liens. Taxpayers who owe less than $10,000 can request that the IRS withdraw the tax lien if they agree to pay their tax debt in full via a Direct Debit Installment Agreement.
Taxpayers who owe between $10,000 and $25,000 can also request that the IRS withdraw the tax lien if they agree to participate in a streamlined installment agreement.
Overall, the Fresh Start Program is designed to provide relief to taxpayers who are struggling with tax debt. If you are facing tax debt problems, it is important to consult with a tax professional to determine if you are eligible for any of the relief options provided by the Fresh Start Program.
If you're facing tax problems, we can help. Our tax resolution services include negotiating with the IRS on your behalf, setting up payment plans, and resolving any tax issues you may have.
Our tax audit services include representing you in front of the IRS and helping you through the audit process. We have a proven track record of success in resolving tax audits and protecting our clients' interests.
Our international tax services include tax planning, compliance, and reporting for businesses and individuals with international tax obligations. We have extensive experience in navigating complex international tax laws.
We offer tax education and training for individuals and businesses who want to learn more about tax laws and regulations. Our courses cover a wide range of topics and are taught by experienced tax professionals.
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