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Understanding the IRS Fresh Start Program

Lamarre Law Group, P.A. May 15, 2024

The IRS Fresh Start program is a lifeline for those struggling with tax debt. It’s designed to help individuals and small businesses meet their tax obligations without adding unnecessary burdens. Here’s a simple guide to understanding this program and its steps.

What is the IRS Fresh Start Program?
The Fresh Start program is a set of tax relief initiatives offered by the IRS to people struggling to pay their taxes and get a fresh start with their tax liabilities.
Steps to Apply for the IRS Fresh Start Program

  1. Gather Necessary Information: Collect all your financial information, such as bank
    statements, pay stubs, and details of assets and liabilities.

  2. You can determine your Eligibility: Based on your circumstances, please understand which option under the IRS Fresh Start program is right for you.

  3. Complete the Application: Fill out the appropriate form and submit it to the IRS along
    with any supporting documentation.

  4. Pay the Application Fee: Confirm the specific payment prerequisites when filing, as not doing so could delay your application’s processing.

  5. Wait for the IRS Review: After submitting your application, wait for the IRS to review
    your application and determine your eligibility for the IRS Fresh Start program.

The IRS Fresh Start program is a valuable resource for those struggling with tax debt. By following these steps, you can navigate the application process and settle your tax debt for less than what you owe. It’s always a good idea to consult with a tax professional, such as the Lamarre Law Group, P.A., if you’re unsure about any part of the process.

Disclaimer: This blog post is for informational purposes only and should not be considered legal advice. Just so you know, this is a simplified guide, and the actual process may vary depending on individual circumstances. Always consult with a tax professional for personalized advice.