The IRS has a new Fresh Start program that offers tax relief to individuals who have recently been through a difficult divorce or relationship.
The program is designed to help you get back on your feet and begin to rebuild your life. The program is available through the IRS’ Taxpayer Assistance Center (TAC).
What is the IRS Fresh Start Program?
There is no one-size-fits-all answer to the question of what the IRS Fresh Start program is, but generally speaking, it is a program designed to help taxpayers who have had their tax returns prepared by a professional preparer and then file their returns electronically.
The Taxpayer Advocate Service (TAS), an arm of the IRS, provides support through its Fresh Start program to help taxpayers who have had their returns prepared by a professional preparer and then filed their returns electronically.
The Fresh Start program was first introduced in 2006 as part of the IRS’s effort to modernize its system for preparing tax returns.
At that time, there were many taxpayer groups who felt that they had not been given fair treatment under the previous process, and so the Fresh Start program was designed to provide relief for taxpayers who had prepared their own taxes and were now trying to file electronically.
How to Apply for the IRS Fresh Start Program?
The IRS Fresh Start Program is a program that allows taxpayers to file their taxes early and have them processed and paid in less than 60 days. The program is available to taxpayers who have filed their taxes within the previous 12 months.
There are a few things that you will need in order to apply for the IRS Fresh Start Program. First, you will need to provide your social security number and taxpayer identification number. You will also need to provide your current address and telephone number.
Once you have provided all of these pieces of information, the IRS will send you an application letter. The application letter will tell you what needs to be done in order to be considered for the Fresh Start Program.
In order to be accepted into the Fresh Start Program, you must meet some specific requirements. These requirements are designed to help ensure that you will not be able to file your taxes for the next 12 months.
If you wish to apply for the Fresh Start Program, you will need to complete a form W-8BEN, Employer Identification Number Verification.
Benefits of the IRS Fresh Start Program
The IRS Fresh Start Program was announced in November of 2017. It is a program that encourages individuals to file their taxes early and receive a refund.
The program is available to individuals who have filed their taxes previous year and have received a final check or payment for the appropriate taxes. The IRS Fresh Start Program has many benefits for individuals.
1. The first benefit is that it can help to reduce the amount of time it will take to get your refund. If you have filed your taxes previous year and received a final check or payment, the IRS will generally process your return within 5-10 weeks after you submit it.
This means that you can usuallyemonth after filing if you are expecting a refund.
2. Another benefit of the IRS Fresh Start Program is that it can help to improve your financial situation. You will be able to reduce the amount of credit card debt you have and possibly even reduce your student loan debt.
The IRS Fresh Start Program can also help to improve your credit score. This can especially help if you are having trouble getting approved for a credit card or mortgage loan.
Risks for Joining the Program
There are a few risks associated with joining the IRS Fresh Start program:
- You may not be able to get a job after being accepted into the program.
- Your income may drop suddenly if you change your employer or take on any new responsibilities.
- You may not be able to receive unemployment benefits if you are accepted into the program.
- If you are approved for the program, your Social Security numbers and tax returns could be released to the public without your knowledge or consent.
How to Join the Program
You can qualify for the IRS Fresh Start program if you are:
- A U.S. citizen or legal permanent resident,
- A nonimmigrant alien who is not working, and
- A former prisoner, who are authorized to work in the United States.
Deadlines for Joining the Program?
The IRS Fresh Start Program offers taxpayers the opportunity to file a return by October 15th, 2015. There are several deadlines that taxpayers must meet in order to join the program:
- You must provide a valid social security number.
- You must provide your income tax returns and amended returns for the 4 years preceding your filing date.
- You must provide proof of residency in the United States and an intent to permanent reside in the United States.
- Your return must be filed through online filing or by mail.
- You must pay your late fees and interest on any tax debts that have been accrued during the time you were ineligible for relief under the prior amnesty program.
- You must provide proof of your eligibility for the prior amnesty program that has been canceled by your filing date.
Conclusion
The IRS Fresh Start Program offers tax relief to individuals who have not received back taxes from the previous year. The program is available through the IRS website and through the Taxpayer Assistance Center (TAC).
The program is open to citizens of the United States who are making less than $30,000 per year. Individuals must complete an application and provide evidence of their income.
The program offers a range of benefits, including a reduced tax burden for the current year, a refund or credits for past years’ taxes, and help with filling out your return.