Fresh Start Initiative

In 2013, the IRS introduced the game-changing “Fresh Start Initiative” aimed at assisting taxpayers in achieving tax compliance and finding resolutions for their tax debts.

At McCauley Law Offices, our skilled tax team is well-versed in the expanded provisions of the Fresh Start program. We can determine your eligibility for these measures and guide you in harnessing their full benefits.

From our office in Chadds Ford, Pennsylvania, we proudly represent individuals and businesses across the nation, offering expert tax resolution services.

Explore the Fresh Start Initiative:

The Fresh Start Initiative encompasses four key pillars that can significantly transform your tax situation:

Tax liens — Under the Fresh Start Initiative, the threshold for initiating tax liens has been raised. The IRS will not file a Notice of Federal Tax Lien until your tax debt reaches $10,000 (with certain exceptions), providing valuable breathing room to address and negotiate back taxes. Our experienced team can assist you in preventing and discharging tax liens, safeguarding your assets.

Penalty relief — Individuals who faced unemployment or self-employed individuals with 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 possess comprehensive knowledge of IRS penalty abatement and can address your specific questions and concerns.

Installment agreements — The Fresh Start Initiative simplifies the process of establishing 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 lack the means 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 achieved highly favorable terms for clients, even for those previously deemed ineligible by the IRS or other firms.

Embrace a Fresh Start:

We are dedicated to helping clients across the United States resolve their tax disputes and burdens.

Whether you reside in Delaware County or beyond, the Fresh Start Initiative can serve as the catalyst for a brighter financial future.

Don’t miss this opportunity for a new beginning.

Take Control of Your Tax Situation

Schedule a risk-free evaluation today!

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Client Success Stories with McCauley Law Offices

"They are the best at everything, We couldn't have hired a more professional, skilled, compassionate, understanding team, they will help you understand your own situation and what can be done" -Tracy Bledsoe

Definitely recommend them for the tax issue you may be facing. Don’t hesitate call them today and start getting your peace of mind started!! -Arleigh Hocker

The best decision I’ve ever made was contacting McCauley Law Offices to handle my tax issues. -Kate McDonald

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Understanding the Fresh Start Initiative

The Fresh Start Initiative is a program designed by the IRS to help taxpayers manage their tax debts more effectively. By providing various options for tax relief, the initiative aims to ease the burden on individuals and businesses struggling with unpaid taxes.

This initiative includes several key features, such as increased thresholds for tax liens and the Offer in Compromise program, which allows taxpayers to settle their debts for less than the full amount owed. Understanding these components can empower taxpayers to take proactive steps towards resolving their tax issues.

Key Benefits of the Fresh Start Initiative

One of the primary benefits of the Fresh Start Initiative is the opportunity for taxpayers to avoid tax liens. By raising the threshold to $10,000, the IRS provides individuals with a greater chance to negotiate and settle their debts without the immediate threat of a lien on their property.

Additionally, the initiative allows for penalty relief, giving qualifying taxpayers an extended period to meet their tax obligations. This flexibility can significantly reduce financial stress and enable taxpayers to regain control over their financial situations.

Who Qualifies for the Fresh Start Initiative?

Eligibility for the Fresh Start Initiative varies based on the specific relief options available. Generally, taxpayers who owe less than $50,000 in tax debt may qualify for the Offer in Compromise, while those facing financial hardship can apply for penalty relief.

To determine eligibility, taxpayers must provide detailed financial information to the IRS, demonstrating their inability to pay the full amount owed. Consulting with a tax professional can help individuals navigate this process and assess their options effectively.

Steps to Take Advantage of the Fresh Start Initiative

To benefit from the Fresh Start Initiative, taxpayers should first gather all relevant financial documents, including income statements, expenses, and tax returns. This information is crucial for assessing their tax situation and determining the best course of action.

Next, individuals should reach out to a qualified tax resolution expert who can guide them through the application process for the initiative's various programs. Taking these steps can lead to a more favorable outcome and help taxpayers achieve a fresh start in managing their tax obligations.