Nov 30, 2021
IRS Back Tax Forgiveness: Fresh Start Program
I'm Jonathan Donenfeld, a CPA and Certified Tax Resolution Specialist. We get a lot of calls asking what the Fresh Start Program is, how to settle back taxes and how they're related.
The Fresh Start Program is an initiative that the IRS has made. They did it about 20 years...
Nov 23, 2021
How to Pay Off Your IRS Tax Debt for Less. These are several options so that you could potentially NOT pay your tax debt in full.
✔️ Offer In Compromise Program (OIC)
✔️ Partial Pay Installment Agreement (PPIA)
✔️ Currently Not Collectible (CNC)
✔️ Penalty Abatement
Depending on your financial situation,...
Nov 16, 2021
If you owe the IRS money, they're going to start sending you a series of levies; usually, after the third one, you're going to get a notice of Intent to Levy. The IRS is saying that you have not responded to them or haven't made an effort to pay your tax debt. In that case, they are going to pursue what's called a bank...
Nov 9, 2021
To get out of IRS Tax Debt, you must first get into compliance and file all outstanding tax returns. Based on your current financial situation, there are several options that we can talk about and will cover in this episode. The main thing is getting in compliance, meeting with the professional, and going through...
Nov 4, 2021
Can't Pay Your Taxes? Set Up An Installment Agreement with the IRS.
The IRS has several different types of installment agreements that you can set up, and it all depends on what you're able to pay and what you want to pay in your current financial situation.
If you're settling in full, that means you have the income...