Struggling with tax debt can be a challenging experience. This is where Clean Slate Tax comes in to offer a fresh start program. This tax resolution firm allows you to reset your relationship with the IRS and start anew with a clear path towards good tax health. Understanding how this works and how to qualify for it is crucial on your journey to financial stability.

A Comprehensive Look at the Fresh Start Initiative

The Fresh Start Initiative was instituted by the IRS to help individuals and companies struggling with back tax debt. This was designed to make it easier for taxpayers to pay back taxes and avoid severe enforcement actions such as liens, levies, and seizures.

Qualifications for Clean Slate Tax’s Fresh Start Program

Not everyone qualifies for the Fresh Start program. There are specific requirements you need to fulfill. These include:

  1. Individuals must owe $50,000 or less in combined income tax, penalties and interest, and have filed all required returns
  2. Businesses must owe $25,000 or less in payroll taxes and have filed all required returns
  3. The taxpayer must agree to a direct debit payment agreement if they’re unable to fully pay their tax debt

How the Fresh Start Program Works

Once you meet the qualifications, Clean Slate Tax assists you in negotiating an installment agreement with the IRS. This agreement allows you to make manageable payments over time instead of making a hefty payment all at once.

Frequently Asked Questions

Can I qualify for the Fresh Start Program if my tax debt is more than $50,000?

Yes, while the IRS set $50,000 as the threshold for easy qualification, individuals who owe more than this amount can also qualify. They, however, require further negotiations and a meticulous financial investigation by the IRS.

Does Clean Slate Tax guarantee that I will qualify for the program?

No, Clean Slate Tax does not guarantee qualification, but they will thoroughly evaluate your case and guide you through the process to increase your chances of qualification.

Starting Fresh with Clean Slate Tax

Dealing with tax debt needs a solid action plan, and this is what Clean Slate Tax provides through their Fresh Start program. By meeting specific qualifications, you can find financial relief and take control of your financial future. And, while the process may be complex, Clean Slate Tax is committed to simplifying and guiding you through the process.