SOURCE: Fresh Start Tax, LLC

Fresh Start Tax, LLC

February 28, 2011 06:00 ET

Fresh Start Tax: New IRS Program

FORT LAUDERDALE, FL--(Marketwire - February 28, 2011) - Fresh Start Tax, LLC announces the New IRS Fresh Start Program. 

The IRS wants to give taxpayers a Fresh Start, announcing on February 24th, major changes to the federal lien policies. The decades old policies are being revised to help taxpayers with the unnecessary burdens of having their credit ruined by the filing of the federal tax liens. Michael Sullivan and Steven Jacob commented and said, "It's about time the Feds finally did something to help taxpayers. For years they have been financially killing them."

IRS will significantly increase the dollar thresholds when liens are generally filed.

IRS is making other fundamental changes to liens in cases where taxpayers enter into a Direct Debit Installment Agreement. For taxpayers with unpaid assessments of $25,000 or less, the IRS will now allow lien withdrawals under several scenarios:

IRS will withdraw a lien if a taxpayer on a regular Installment Agreement converts to a Direct Debit Installment Agreement. They will also withdraw liens on existing Direct Debit Installment agreements upon taxpayer request after a probationary period demonstrating that direct debit payments will be honored.

Small businesses with $25,000 or less in unpaid tax can participate. Currently, only small businesses with under $10,000 in liabilities can participate. Small businesses will have 24 months to pay.

Streamlined Installment Agreements will be available for small businesses that file either as an individual or as a business. Small businesses with an unpaid assessment balance greater than $25,000 would qualify for the streamlined Installment Agreement if they pay down the balance to $25,000 or less.

IRS is also expanding a new streamlined Offer in Compromise (OIC) program to cover a larger group of struggling taxpayers.

This streamlined OIC is being expanded to allow taxpayers with annual incomes up to $100,000 to participate. In addition, participants must have tax liability of less than $50,000, doubling the current limit of $25,000 or less.

Additional Resources:
Fresh Start Tax Blog:
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About Fresh Start Tax, LLC
Fresh Start Tax, LLC is a tax resolution company specializing in IRS problems such as; tax liens, wage garnishment, IRS levy, unfiled taxes, back taxes and other IRS tax help. Our "A" rating by the BBB is a reflection of the honesty and integrity of our tax firm. For more information visit,

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