Getting Back in Good Standing with the IRS
- Gather all your information, research your IRS account, and file the returns. A tax pro can help investigate which returns you need to file and how to submit them to the IRS.
- The IRS requires returns from the past six years. An IRS rule provides a general six-year rule that taxpayers must file returns to be in good standing with the IRS.
- The IRS Fresh Start Program offers debt relief options to make it easier to get out from under tax debt legally. Some options may reduce or freeze the debt.
Payment Plans and Tax Relief Options
- Apply with the New Form 656 for an offer in compromise to settle your tax debt for less than the full amount you owe.
- Keep a good record of all your financial information to show the IRS solid proof of income vs monthly costs. This can help you get the best payment plan.
- The IRS Fresh Start Program allows you to pay back your debt in small installments over a set period you agree with the IRS.
General Tax Information
- As a general rule, there is a ten-year statute of limitations on IRS collections.
- Get tax relief now from a tax professional who can guide you through IRS regulations to find the best solution to your tax problems. The IRS Fresh Start Program is open to people who owe the IRS less than $50,000.