1. Expanded Access to Streamlined Installment Agreements

The IRS Fresh Start Initiative enhances your options by providing expanded access to streamlined Installment Agreements. With our expertise, we make it easier for you to set up a manageable 72-month payment plan. This step is designed to help you regain control of your financial situation.

2. Increased Debt Threshold for Installment Agreements

One of the significant advantages of the Fresh Start Initiative is the increased debt threshold for Installment Agreements—now set at less than $50,000. Our team can help you determine if you qualify, ensuring that this option is tailored to your specific needs and financial circumstances.

3. Lien Withdrawal

Dealing with a federal tax lien can be a substantial burden. Pro Tax Solvers can assist you in qualifying for a Lien Withdrawal when participating in an Installment Agreement or Offer In Compromise through the Fresh Start Initiative. With our guidance, you can potentially remove this obstacle from your financial path.

4. Limitation on Tax Liens

We want to emphasize that the IRS now generally limits the filing of tax liens to tax debt over $10,000. While they retain the authority to file a Notice of Federal Tax Lien for any amount, our experts can help you explore the options available for lien notice withdrawal, utilizing Form 12277 to lighten the load on your assets.

5. Offers In Compromise

Pro Tax Solvers can help you navigate the complex process of Offers In Compromise under the Fresh Start Initiative. This opportunity allows you to settle your tax debt for a reduced amount, provided you meet specific conditions. Our team will assess your financial situation and guide you through the process with professionalism and urgency.