IRS Fresh Start Initiative
  • April 11, 2022
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It is never a good time to be on the receiving end of IRS collection activity. Although there are multiple options available to taxpayers for IRS tax debt resolution, the process is stressful and often confusing for those who are unfamiliar with the service’s playbook. This uncertainty and unfamiliarity on its own can lead to indecision and procrastination from even the most well-intentioned taxpayers. Don’t let the bureaucracy or stringent reputation of the agents of the IRS trick you, they are still people. They understand that life and circumstances may prevent taxpayers from paying their back taxes on time. As evidence of this reality, the IRS has issued several programs and initiatives to alleviate the burden of some taxpayers. The IRS Fresh Start Program is one such provision. Read on as we present some useful tips to help you make the most of the provision.

Related Blog Post: Guide to Preparing a Request for Appeal

Assess Your Qualification

Before you start investing countless hours preparing to present your application, it’d be just sensible to check your eligibility. While the Fresh Start program is quite inclusive, it has some basic requirements that the applicants must fulfill. Income limits and verification of assets may affect your eligibility for some resolutions. To determine the best approach to your IRS liability, reach out to the Law Offices of Nick Nemeth today.

Choose the Right Provision

The IRS Fresh Start program consists of several provisions to help distressed taxpayers. These include:

  • Offer in Compromise (OIC) allows taxpayers to clear their liabilities at an amount less than the actual amount they owe.
  • Installment Agreement (IA), as the name suggests, allows taxpayers to pay the amount that they owe in easy installments.
  • Currently Non Collectible (CNC) status is a provision that temporarily exempts taxpayers from paying their liabilities, giving them more time.

Related Blog Post: 4 Types of IRS Tax Installment Agreements That Taxpayers Can Use

Maintain Complete Transparency

When applying for the Fresh Start program or any other provision by the IRS, withholding information is the last thing you want to do. A taxpayer needs to have updated and organized financial information and supporting documents. Hiring an IRS tax attorney will help you to better understand your situation and to plan around the IRS’s requirements. The service will require detailed financial information to prove eligibility for any option where a taxpayer cannot fully pay their tax liability. This information should also include all applicable factors, such as bankruptcy, wage garnishments, and tax liens.

The Last Word

Many taxpayers who are unable to pay their dues on time often end up procrastinating any further action on the issue, which only weakens their case to qualify for any of the relief provisions. It is, therefore, important to get into action as soon as possible by bringing in an experienced IRS tax lawyer that can help them with a feasible way out. That’s exactly what you can expect from the team at The Law Offices of Nick Nemeth. For a no-obligation free consultation, simply call (972) 426-2553.

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What Our Clients Have to Say

Susan WilsonSusan Wilson
03:27 25 Jan 23
I have been very pleased with the solid counsel and guidance that Nick Nemeth has provided me regarding my tax issue. I found him to be honest and straightforward which I appreciated. I was impressed with his relevant experience and knowledge . He has definitely brought me peace of mind during a difficult and stressful time.
Sarah HowardSarah Howard
03:44 14 Nov 22
I would like to thank Mr. Nick and his staff for the superb help that I received from them. My IRS problem was resolved quickly and efficiently. It took 2 visits to convince me that I was over my head. I thought that I could call the IRS, appeal my tax notices and settle on a payment plan on my own. After many phone calls to the IRS, waiting sometimes more than 4 hours with no resolution to speak of, it proved to be extremely difficult and stressful. Revisiting Mr. Nick was a huge wake up call. My account was reviewed, and a payment plan was established with the IRS within a week. I will be forever grateful to the staff who worked on my case and especially to Lorna who listened to me vent while going through this painful process.
00:33 07 Aug 22
I cannot say enough good things about Nick and his team. When I first met with Nick he was up front, honest, friendly and efficient. When I worked with one of his attorneys, Eric B, I was just as pleased. All of the staff there are nice and very helpful. I wish I hadn't waited so long to get help with my issue. Over 6yrs I tried getting through and getting anywhere with the IRS and hardly made any progress. I know this may not be the case for all, and even I thought it would take longer than it did, but 3mos and they had my situation straightened out. I still can't believe it. Thank you thank you THANK YOU for all that you did for me. This is a huge burden gone out of my life now thanks to you. If anyone needs help out there, I know you may not want to shell out more money to get their help but it may just save you in the long run.
Spoilly GirlSpoilly Girl
23:49 03 Aug 22
The Nemeth Law team is exceptional. They treat their clients like a family member who is in crisis. They want you to get the best possible outcome. I really appreciate everything that they did for me. Jake and Ashley had the greatest role in my case and it all turned out for the best for me. Thank you Nick and team for easing my fears and getting me through the long process. I'm truly grateful.
Eddie WaltEddie Walt
19:44 12 Jul 22
During a time in which competent, professional service at a fair price seems to have disappeared, Mr. Nemeth and his team are a refreshing breath of fresh air.From my first phone call to the final settlement of our case with a non-responsive IRS, they under-promised, over-delivered and were in constant courteous contact to make sure we knew exactly what was happening and where we stood.I hope to never need their services again, but, should I receive another friendly letter from the IRS...I know who to call!
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