The IRS Fresh Start program was introduced to help taxpayers struggling with tax debts pay off their obligations and start fresh. This program offers several options for taxpayers to resolve their tax debts, including installment agreements, offers in compromise, and more. But before taking advantage of the IRS Fresh Start program, you need to understand if you are eligible.
Who is Eligible for IRS Fresh Start Eligibility?
To be eligible for the IRS Fresh Start program, you must meet specific criteria, including:
- You must be up-to-date with all your tax filings.
- You must have a tax debt that you cannot pay in full.
- You must not have any recent tax debts or pending enforcement actions.
If you meet these requirements, you may be eligible for the IRS Fresh Start program and can take advantage of the various options available to resolve your tax debts.
What are the Options Available under IRS Fresh Start Eligibility?
Under the IRS Fresh Start program, there are several options available to help you resolve your tax debts, including:
- Installment agreements
- Offers in compromise
- Currently non-collectible status
- Penalty Abatement
Each option has eligibility criteria, terms, and conditions you need to know. You can speak to an IRS representative or a tax professional to determine which option is right for you based on your circumstances.
How to Apply for IRS Fresh Start Eligibility?
To apply for the IRS Fresh Start program, you need to complete and submit the appropriate form to the IRS. Here are the steps to follow:
- Gather all the necessary information and documents. This may include your tax returns, financial statements, pay stubs, and other relevant information.
- Determine which option under the IRS Fresh Start program is right for you based on your circumstances.
- Complete the appropriate form and submit it to the IRS, along with any supporting documentation.
- Wait for the IRS to review your application and determine eligibility for the IRS Fresh Start program.
FAQs on IRS Fresh Start Eligibility
- What happens if I don’t meet the eligibility criteria for IRS Fresh Start Eligibility? If you don’t meet the IRS Fresh Start program eligibility criteria, you may still be able to resolve your tax debts through other means, such as installment agreements or partial payment plans. You can speak to an IRS representative or a tax professional to explore other options.
- Can I still apply for IRS Fresh Start Eligibility if I have a tax lien? Yes, you can still apply for the IRS Fresh Start program even if you have a tax lien. However, the tax lien may remain in place even after you resolve your tax debt through the Fresh Start program.
- Is there a deadline to apply for IRS Fresh Start Eligibility? No, there is no deadline to apply for the IRS Fresh Start program. You can apply any time as long as you meet the eligibility criteria.