COVID-19 created unprecedented financial challenges for US citizens. Although the IRS offers numerous tax relief programs including the Fresh Start Program for those who owe back taxes, more needed to be done for those who didn’t meet the strict qualifications of available tax relief programs the IRS offered. The new IRS Taxpayer Relief Initiative...
What to do if I missed an IRS payment or if I defaulted on an IRS payment plan? What should I do if I’m about to miss a payment in my IRS repayment plan? You have several options available if you aren't able to make payments on your installment agreement with the IRS. Options include reducing...
You’ve probably heard of the Fresh Start Program because it's used all the time in advertisements for the tax firms out there who want to pull you in with words but not knowing anything about your case. So What Is the IRS Fresh Start Tax Program? A large number of taxpayers fail to pay taxes to...
If you owe taxes and are unable to pay the full amount, what can you do? The first thing I would look into is an Installment Agreement or simplistically, a monthly payment plan. The IRS only allows Installment Agreements under specific situations. What are the benefits of paying my taxes on time? By law, the IRS...
The IRS expects you to file and pay your taxes on time each year. When you fail to submit a tax return, you put yourself at risk for IRS enforced collections leading to serious financial hardships for you and your family. I have not filed in many years and have never been contacted - I...
