Tax Relief: Understanding the Fresh Start Initiative and Other Financial Freedom Services
Taxpayers can get tax relief through several government-sanctioned programs, which they can use to pay down their tax debt. Commonly referred to as the "Fresh Start Initiative" or the "Fresh Start Programme," these tax relief programs protect individuals from the IRS's and state revenue agencies' relentless collection procedures. With wage garnishment, bank account seizures, liens on property, and steep interest and penalty charges on outstanding debt, the Internal Revenue Service can utilize its exclusive collection rights to compel taxpayers to pay the maximum amount due on a tax burden. Unless you break the rules of your settlement agreement, the IRS cannot pursue collection actions against you if you are qualified for tax relief services. When Can I Apply for Tax Relief? Services that alleviate tax burdens are available to taxpayers dealing with personal and business tax problems. Proof of severe financial hardship would be helpful to have your tax liabi...