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Tax Relief Blog


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IRS Online Installment Agreement

The IRS now allows individual taxpayers to set up a monthly payment agreement to satisfy a back tax liability online.  If you owe $50,000 or less and want to set up a formal Installment Agreement with the IRS without talking to the Service on the phone, here's your chance.

Before paying someone else to set up your Installment Agreement, try to do it yourself di...
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IRS Form 433-F or 433-A

If you owe $50,000 or more in personal taxes to the IRS, you may be required to complete a Collection Information Statement.

Form 433-F, Collection Information Statement

If you owe the IRS between $50,000 and $200,000 and want a monthly Installment Agreement or Currently Not Collectible (CNC) status, the Service may require you to complete form 433-F.  It is a two page do...
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Categories: form 433-A form 433-F

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IRS Tax Relief Options

There are quite a few different tax relief options available through the IRS.  You hear them advertised on the radio, see them on television and find them everywhere online.  But, which one is best for you?

It can be difficult to figure out if you qualify for an Offer in Compromise settlement, Penalty Abatement or just a monthly payment plan.  Tax Resolution companies a...
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IRS First Time Abatement (FTA) Rule


The IRS First Time Abatement (FTA) is a great way to remove a penalty with a single phone call to the IRS.  However, you need to either have a formal Installment Agreement in place or have no balance due.

Fresh Start Tax Relief can help you request your FTA from the IRS.  We'll help you identify the penalty(s) that qualify for FTA and tell you what to say t...
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Avoid an IRS Tax Lien

When you request your Guaranteed or Streamlined Installment Agreement from the IRS, also ask if the Service will defer the filing of a Notice of Federal Tax Lien (NFTL).

The Internal Revenue Manual states the following in section 5.12.2.3.1:

"An NFTL [Notice of Federal Tax Lien] filing determination is not required on Guaranteed/Streamlined Installment Agreements or In-Bu...
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Categories: IRS Tax Lien

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IRS Final Notice of Intent to Levy


The IRS is required to notify you before seizing your assets.  This means that you'll receive a Final Notice of Intent to Levy in the mail prior to receiving a bank levy or wage garnishment. 

A Final Notice of Intent to Levy (Notice LT11, Notice CP90, Letter 1058) gives the taxpayer Appeal rights.  You may request a Collection Due Process (CDP) Hearing if you d...
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Was your Offer in Compromise rejected by the IRS?  If so, you may Appeal the initial rejection using IRS form 13711.  Be sure to complete the form completely and attach any substantiation documents you may have to support your reasoning for the Appeal. 

You may disagree with the Offer Specialist that reviews your OIC package.  A disagreement over one or two monthly expenses could make or brea...
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Categories: Offer in Compromise

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If you've looked at IRS form 433-A(OIC) closely, you've seen the $1,000 exclusion the Service allows for bank accounts.  What you may not know is that the IRS may also allow you to exclude one month's living expenses from the balance in your checking account at the time you submit your Offer in Compromise

If you'd like to know more about the IRS Offer in Compromise, check our website, then ...

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Categories: Offer in Compromise

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Are you self employed with an IRS back tax debt?  You may be wondering whether or not the Offer in Compromise is the right fit to resolve your tax liabilities.  A lot depends on your equity in assets and your ability to make monthly payments toward the back taxes. 

If you have tools of trade that you use to produce income, the IRS will treat them differently than other assets you own.  The IRS...

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Categories: Offer in Compromise
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Blog Articles

Our Specialties

  • Tax Debt Resolution / Tax Relief
  • Offer in Compromise / IRS Settlement
  • IRS Penalty Abatement and Relief
  • Installment Agreement / Monthly Payment Plan
  • Tax Lien, Levy and Garnishment Removal
  • IRS Lien Subordination, Withdrawal, Discharge
  • Enrolled Agents / Tax Debt Specialists

Fresh Start Tax Relief LLC, Taxes - Consultants & Representatives, Chicago, IL

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