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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The IRS Is Hiring. If You Owe Back Taxes, Get Ready

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Last week, we wrote about the use of outside debt agencies to start collecting tax debts (you can check out the blog here). In conjunction with this, the IRS recently announced the end to their hiring freeze. That’s right, America’s best-loved agency is beefing up its staff. In fact, they plan to grow the department by six to seven HUNDRED. So other than a staff increase, what will this mean for you and me?

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