IRS and the Fresh Start Initiative - PowerPoint PPT Presentation

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IRS and the Fresh Start Initiative

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We all know that we have an obligation with the Internal Revenue Service or IRS, and that is to pay our Taxes. Although we are aware that it is an obligation, yet there are times that we cannot pay the entire amount because of some valid reasons, such as unemployment, and we end up having a tax debt to the IRS. That’s why the Internal Revenue Service rolled out its Fresh Start Initiative in February 2011. Their aim is to provide IRS tax relief to struggling taxpayers and unemployed. The Fresh Start Initiative also offers a different installment structure that allows taxpayers to avoid financial reviews and Federal Liens. – PowerPoint PPT presentation

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Title: IRS and the Fresh Start Initiative


1
IRS and the Fresh Start Initiative
2
We all know that we have an obligation with the
Internal Revenue Service or IRS, and that is to
pay our Taxes.
3
Who are Qualified for the Fresh Start Initiative?
4
? Unemployed for a minimum of 30 consecutive days
5
? For married couples who are filing jointly,
only one spouse is needed to meet the
qualifications.
6
? For self-employed individuals, they need to
show at least 25 percent drop in their net income
to qualify,
7
axpayers earning should not be more than 200,
000 per year for married couples,
8
or 100, 00 per year each person, if single or
head of household.
9
? Taxpayers whose tax balance was 50,000 or
below.
10
Taxpayers need to file manually the Form 1127A.
11
Choose a tax relief company that is credible
12
FSI-DIYs Fresh Start Initiative Process 1.
Understand taxpayers option available to resolve
the tax debt issue.
13
2. Taxpayers must make sure that they qualify for
the Fresh Start Initiative with the Internal
Revenue Service.
14
3. If qualified, then register FSI-DIY service.
15
4. Taxpayers must gather their financial
information.
16
5 Create Fresh Start Initiative package.
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6. Submit the created Fresh Start Initiative
package to the IRS.
18
7. Complete payment to the IRS according to what
is in taxpayers Fresh Start Initiative package
schedule.
19
Get started now by visiting https//fsi-diy.com/
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