Tax Relief Blog

Realtors and other real estate professionals often find themselves in back tax trouble with the IRS.  Fresh Start Tax Relief is the perfect solution. We'll help you resolve your current IRS back tax debt and advise you how to avoid more back tax headaches in the future. 

Our fee is $499.  Call us today to find out how our Guided Tax Relief system can help you get out from underneath your IRS back taxes.

Congratulations to M&M Financial Consulting, Inc.  for being recognized by the Chicago Better Business Bureau for outstanding marketplace ethics.  M&M is the recipient of the BBB's Honorable Mention Torch Award. 

More than 1,700 Chicagoland and Northern Illinois businesses were nominated for the 2015 BBB Torch Awards.  M&M was one of seven businesses selected.  Well done M&M!

The IRS offers many different ways to pay your tax debt.  You can pay electronically in the following ways.

• With a credit card
• Through Direct Pay with the payment coming directly out of your checking or savings account
• Through the Electronic Federal Tax payment System (EFTPS) and  
• You can even send a same-day wire transfer

Some of these options are free and all should be safe and secure.  Start by clicking on the IRS Electronic Payment Options Home Page. 

Browse Fresh Start Tax Relief's website f...

The IRS will Release your tax lien within 30 days of full payment.  In some cases, the IRS will also Withdraw the tax lien after full payment.  The Service may also Withdraw your tax lien even if the tax isn't full paid.

The difference between a Release and a Withdrawal is in how credit reporting agencies treat the two.  A Withdrawal will remove the tax lien and any reference of it from a credit report.  A Release will not.  With just a Release, the tax lien will show up on a credit report f...

At Fresh Start Tax Relief we want to help people get out from underneath of their IRS tax debt without paying high fees to tax resolution firms and attorneys.  Most individuals that owe a tax debt to the IRS can resolve it without outside help.  You can even request the removal of penalties on your own. 

Here are two tips to help you remove IRS penalties on your own.

The IRS can remove penalties over the phone.  However, there is a dollar threshold.  Although the dollar threshold changes f...

If you've received IRS Notice CP90 or IRS Notice 1058, it's time to act.  Each is a Final Notice of Intent to Levy and Your Right to a Hearing.  This means that you have 30 days to Appeal the possible levy action and if ignored, about 45 days before the IRS reaches into your bank account and/or garnishes your wages.

The most difficult part of most things in life is getting started.  Fresh Start Tax Relief makes it easy to get started and on your way to resolving and reducing your IRS back ta...

You're probably aware that the IRS charges large penalties to those that fail to file and pay their taxes on time.  Most of our clients have penalties assessed against them and would like to get them removed.  They just don't know how.

At Fresh Start Tax Relief we investigate our clients IRS case to determine the total penalty amounts assessed, the types of penalties assessed and the periods the penalties have been assessed.  We also tell our clients how to request the removal of their penal...

During a recent consultation with a client, I advised her that she could resolve her IRS tax debt with a phone call and explained how to do it.  She asked me why other "tax professionals" she had talked to told her that she couldn't set up her resolution with the IRS with a phone call.  I didn't have an answer for her.

Salesman for tax resolution companies will tell a struggling taxpayer a lot of different things to get money sent their way.  The truth is that most personal IRS back tax deb...

When you're requesting the removal of IRS penalties, there are a few things that you should do beforehand.  The first priority when resolving and reducing your IRS tax debt is gaining compliance.  It's a good idea to be in tax compliance before you request the removal of penalties.  The IRS likes to see that the problem that caused you to fall out of tax compliance and accrue the penalty has been fixed.  It is difficult to sell the IRS a reasonable cause abatement request when you are still n...

Straight from IRS notice 746, the information below explains the combined Failure to File and Failure to Pay penalties.

"Filing and Paying Late - IRC 6651 — We charged a 5% combined penalty of 4-1/2% for filing late and 1/2% for paying late because, according to our records, you filed your return late and didn't pay your tax by the due date of your return. The combined penalty is 5% of your unpaid tax for each month or part of a month your return is late, but not for more than 25% (22-1/2% l...