Tax Relief Blog

IRS Fresh Start Program Helps Taxpayers Who Owe the IRS

Source: https://www.irs.gov/newsroom

Updated: 31-Aug-2017

The IRS Fresh Start program makes it easier for taxpayers to pay back taxes and avoid tax liens. Even small business taxpayers may benefit from Fresh Start. Here are three important features of the Fresh Start program:

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Where the Candidates Stand on Your Taxes

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How much of your paycheck you’ll keep under Clinton and Trump.

The Obama years saw the Bush tax cuts made permanent for all but the wealthiest, plus new Obamacare levies. Now the question of how much of your paycheck you’ll get to keep—and who should pay more or less—is back on the table in a big way.

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Treasury Issues Final Controversial Debt-To-Equity Rules

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Law360, Washington (October 13, 2016, 7:54 PM EDT) — The U.S. Treasury Department issued its final debt-to-equity rules Thursday, with changes to exempt certain kinds of corporations, employee stock plans and others from regulations meant to curb the tax benefits of corporate inversions.

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Dozens arrested at India call center linked to IRS scam calls

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By Associated Press and Griff Benner

NEW DELHI (AP) – Indian police have arrested 70 people and are questioning hundreds more after uncovering a massive scam to cheat thousands of Americans out of millions of dollars by posing as U.S. tax authorities and demanding unpaid taxes, a police officer said Thursday.

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The Complexity of an OIC (Don’t Try This at Home)

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Let’s face it. The IRS wants to collect its tax debt. And if you owe a large sum, they especially want to bring that money in. Sure, they aren’t paid on commission, but this is their job, and, probably like all of us, they are held to certain marks and standards. With that being said, a settlement with the IRS (also called an Offer in Compromise) isn’t impossible (it’s just not exactly easy, either).

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