Tax Debt Relief

Every day of the week, there are twenty (20) million taxpayers suffering from the overwhelming burden and stress of IRS tax debt. Recent changes in the tax laws the IRS has made it easier for financially struggling taxpayers to obtain Tax Debt Relief. The new changes for IRS Tax Debt Relief is called the "Fresh Start Initiative". Not everyone is qualified or eligible for Tax Debt Relief via the Fresh Start Initiative, and, like everything to do with the IRS, Tax Debt Relief can be very confusing. Though seeking tax debt relief through the Fresh Start Initiative can be helpful, if a person applies incorrectly they can be permanently banned from receiving the benefits of the Fresh Start Initiative, making it imperative that a person hires an experienced Tax Lawyer to assist them in receiving the Tax Debt Relief they deserve.

3 key options for people seeking Tax Debt Relief:

– IRS Penalty Relief

– Flexible IRS installment agreements with higher streamline thresholds

– Offer in Compromise (IRS Settlement).

Each option available for Tax Debt Relief has particular criteria to be considered for the Fresh Start Initiative. Once a taxpayer applies for IRS Debt Relief, the IRS has all the information they need to collect on the debt if they do not approve one of the three Fresh Start Initiative options, so it is crucial to ensure your original application is perfectly submitted.

The first option the IRS offers as per Tax Relief Act is IRS penalty abatements. The IRS has a laundry list of categories, sub categories and qualifications to be eligible for IRS Debt Relief through a penalty abatement. Some of the basic requirements is the tax payer needs to show cause of having the tax debt, they have experienced a loss of income 25% or higher, loss of job, illness in the family, earn under $200,000 and many other lesser known options. With the numerous options in receiving Tax Debt Relief each tax payer must be prepared to submit the best possible package to qualify for an IRS penalty abatement.

Another option the IRS has afforded a tax payer for Tax Debt Relief is the Installment Agreement. An IRS installment agreement is for tax payers who cannot afford to pay off their debt in one lump sum. Through the Fresh Start Initiative the IRS has moved the streamline threshold form $25,000 to $50,000 making it easier for a delinquent tax payer to receive relief from tax debt. If your Installment Agreement can be accepted, the tax debtor will have a reduction in penalties allowing them to Relieve your debt issues as well as other IRS tax problems

A taxpayer looking for Tax Debt Relief can apply for an IRS settlement (Offer in Compromise) through the Fresh Start Initiative.


What Is an Offer in Compromise?

An “Offer in Compromise” is essentially an IRS settlement agreement made between the IRS and a taxpayer that allows the taxpayer to pay less than the full amount they actually owe. With this type of tax debt relief agreement, a taxpayer can usually choose to make a lump sum tax payment or set up an installment plan. While it might not be for everyone, the Offer in Compromise program has enabled many taxpayers to settle their tax debt problems.

Under the Fresh Start Initiative the IRS has expanded to a larger group of people who could qualify for Tax Debt Relief through an Offer in Compromise. To quote the IRS in regards to people seeking Tax Debt Relief: The IRS recognizes many taxpayers are unable to pay their income tax debt, so the agency has been working on more common-sense changes to the Offer in Compromise program to more closely reflect real-world situations. Offer in Compromise submissions will not be accepted if the IRS believes you can pay your income tax debt. It is really crucial that you hire an experienced and qualified IRS tax lawyer to prepare your Offer in Compromise allowing you to obtain the Tax Debt Relief you deserve.

As you know, the IRS Code associated with Tax Debt Relief and the Fresh Start Initiative are numerous and cumbersome. A person owing the IRS only has one chance at Tax Debt Relief and their best chance at success is hiring an experienced IRS Tax Lawyer.

The best IRS Help team at Flat Fee Tax Service, Inc. will provide you with the best IRS help with tax relief and during our consultation we will answer some common tax questions as well as other IRS problems including: Offers in Compromise, IRS tax liens, IRS collection actions including levies, wage garnishments, IRS installment agreements, penalty abatements, IRS appeals, and other tax debt relief.




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Flat Fee Tax Service

3200 4th Ave., Suite 208,

San Diego, CA 92103

Phone. 800-589-3078