Reduce IRS Tax Debts
Did you know that the IRS has an initiative called the Fresh Start program to make it easier for taxpayers to pay back taxes and avoid tax liens? The Fresh Start program even applies to many small businesses with tax issues.
The three primary facets of this program are:
- Tax Lien Withdrawal. You may qualify to have your lein notice withdrawn if you are paying your tax debt through a direct debit installment agreement, or if your amount owed is less than $10,000.
- Installment Agreements. Individual taxpayers who owe up to $50,000 can pay through monthly direct debit payments for up to 72 months (six years). Even if you owe more than this or need longer than six years to complete your tax debt repayment, we can work with the IRS to determine if you qualify for an installment agreement.
- Offers in Compromise. An Offer in Compromise is an agreement that would allow you to settle your tax debt for less than the full amount. Anderson Bradshaw Tax Consulting has extensive experience negotiating with the IRS to accept an offer if it represents the most you can realistically pay within a reasonable amount of time.