The qualifications of the Fresh Start Program initiative are as follows, and you must at least meet one:
From here, if you know that you do qualify for one of the options above, then to take the next step, start by giving us a call. The worst thing you can do is wait and increase your interest fees and penalty fees.
To qualify for the IRS installment agreement or offer in compromise, you must have IRS debt of $50,000 or less, have the capability to repay most of the amount within five years, and not have a history of falling behind on tax payments. Taxpayers should be current with their tax filings for the present year and agree to follow the payment plan diligently without incurring additional debt.
Taxpayers who possess unsettled tax debts and are incapable of making an immediate full payment qualify to pursue a payment plan option. The accessibility of this option is subject to potential variation based on their unique tax situation and the total owed amount. These individuals can explore a suitable arrangement that aligns with their financial capacity and facilitates the gradual settlement of their tax obligations.
We invite you to learn more about the current available Tax Debt Relief Programs.
Thank you for trusting Global Gate CPA to help you during a tough financial situation. You are not alone, millions of Americans are going through hardship and a way to get this fixed is by scheduling a consultation with our tax specialists.
– Safwan, owner of Global Gate CPA
