Payment plans became easier to get.The IRS raised the balance limit for its simplest installment agreements and extended the time allowed to pay, so more people qualify without a detailed financial review.
IRS Installment Plan AssistanceFresh Start is the name for a set of IRS policy changes that made it easier to pay off tax debt over time, avoid a tax lien, and qualify for a reduced settlement. We look at your balance and your finances, tell you which of those provisions apply to you, and help you put them to use.
Payment plans became easier to get.The IRS raised the balance limit for its simplest installment agreements and extended the time allowed to pay, so more people qualify without a detailed financial review.
IRS Installment Plan AssistanceTax liens became less automatic.The IRS raised the amount you can owe before it typically files a lien, and made it easier to have one withdrawn once the balance is paid or a direct-debit plan is in place.
IRS Installment Plan AssistanceSettlements became more flexible.The IRS changed how it calculates your ability to pay when reviewing an offer in compromise, which opened the door to people who previously wouldn’t have qualified.
Penalty Relief & Tax Forgiveness OptionsMany people first hear about Fresh Start from an ad promising to erase tax debt before a deadline runs out. The initiative itself is legitimate and has been in place for more than a decade. What the ads leave out is that it has no enrollment window, and that the relief still comes through a payment plan, a lien request, or an offer in compromise, each with its own eligibility rules.
That’s why the useful question is which of those you qualify for. We answer it in your first conversation with us, at no cost, before you commit to anything.
Whichever option you use, the IRS expects returns filed and taxes paid on time from here forward. Once your balance is under control, we keep your books current and plan ahead with you so the same debt doesn’t build again.
After your free consultation, we are glad to meet anywhere in the Greater Austin area and walk through your options with you. Owners anywhere else in the country work with us by phone and video.
It depends on which provision you’re using. Payment plan eligibility is based mainly on how much you owe, and a reduced settlement depends on your income, expenses, and assets. In all cases, your required returns must be filed first.
The first conversation is free and confidential. Tell us what you owe, and you’ll leave knowing which options are open to you and what to do first.
Call or text (512) 996-5845