In 2013, the IRS launched the transformative "Fresh Start Initiative," designed to assist taxpayers in achieving tax compliance and resolving their tax debts.

At Trusted Tax Advisor, our knowledgeable tax team is well-versed in the expanded provisions of the Fresh Start program. We can assess your eligibility for these measures and help you maximize their benefits.

Based in Chadds Ford, Pennsylvania, we proudly serve individuals and businesses nationwide, providing expert tax resolution services.

Exploring the Fresh Start Initiative:

The Fresh Start Initiative comprises four key pillars that can significantly improve your tax situation:

Tax Liens: The Fresh Start Initiative raises the threshold for initiating tax liens. The IRS will not file a Notice of Federal Tax Lien until your tax debt reaches $10,000 (with certain exceptions), offering valuable time to address and negotiate back taxes. Our experienced team can assist you in preventing and discharging tax liens, protecting your assets.

Penalty Relief: Taxpayers who experienced unemployment or a substantial decrease in income may be eligible for a grace period from failure-to-pay penalties. Through the Fresh Start penalty relief initiative, qualifying taxpayers may receive an additional six months to fulfill their tax obligations, including interest. We have comprehensive knowledge of IRS penalty abatement and can address your specific questions and concerns.

Installment Agreements: The Fresh Start Initiative simplifies the process of setting up payment plans for resolving back taxes. You may benefit from extended payment terms and a raised threshold from $25,000 to $50,000 in taxes owed. Our team can guide you through the intricacies of IRS installment agreements, providing a viable solution to your tax challenges.

Offer in Compromise (OIC): If you are unable to pay off your tax debt in a lump sum or through installments, an Offer in Compromise can be a lifeline. The Fresh Start Initiative has relaxed certain rules and restrictions, expanding eligibility for this debt settlement option. Our attorneys have secured highly favorable terms for clients, including those previously deemed ineligible by the IRS or other firms.

Embrace a New Beginning:

We are committed to helping clients nationwide resolve their tax disputes and burdens.

Whether you are in Delaware County or beyond, the Fresh Start Initiative can be the starting point for a brighter financial future.

Don't miss out on this opportunity for a new beginning.