IRS Payment Plans Are Not the Only Way to Resolve Tax Debt
Tax debt is nothing to be ashamed of; according to the Internal Revenue Service, over 14 million Americans owed, collectively, $131 billion in back taxes, penalties, and interest in 2018.
In the wake of the pandemic induced shutdown, that number of Americans owing back taxes has likely increased – perhaps drastically. If you have tax debt, there are several ways to settle it with the IRS.
From the IRS’s perspective, they’d love to set you up with a lengthy payment plan. What most taxpayers don’t realize is that an IRS payment plan is not the only way to resolve your tax debt, nor is it the most ideal.
The IRS Fresh Start Initiative
While the IRS Fresh Start Initiative operates through various IRS channels, they try not to advertise it to taxpayers. Their preferred method of tax resolution is payment plans because they allow the IRS to maximize collections.
Alternatively, the IRS Fresh Start Initiative offers taxpayers the chance to significantly reduce their tax debt, sometimes by as much as 90 or even 95%.
Don’t be tricked into an IRS payment plan. Their sole intention is to extract as much money from you as possible through unreasonable deadlines and harsh penalties.
Don’t Wait to Check Your Eligibility for the Fresh Start Initiative
At the height of the pandemic, the IRS temporarily closed its doors. Since then, the IRS has accumulated a massive backlog of almost 11 million pieces of unanswered letters.
Experts are predicting that by 2021 the IRS will be back at full capacity. When that time comes, they are going to want to put as many Americans as possible on payment plans.
It’s up to you to check your eligibility for the IRS Fresh Start Initiative before 2021. We offer a Tax Relief Survey as a FREE resource – a few minutes of your time could help you save THOUSANDS.
See if you qualify for the Fresh Start Program today!
Don’t let 2021 sneak up on you; resolve your tax debt before the IRS surprise you with late fees and penalties!
- Answer a few questions about your finances
- Qualify and be presented with a resolution
- Enroll in Fresh Start
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