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

OIC

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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IRS Announces 131 Million Returns Already Filed This Season – 36 Million Owe Balances Due

2013 tax season on pace to match 2012 where 148 million returns were filed with almost 38 million of those owing unpaid taxes. Direct Tax Relief (DTR) assists clients who have filed and owe back taxes. The IRS reported that as of April 18, 2014, the IRS has received more than 131 million returns, of which 88 percent were e-filed (IRS News Release IR-2014-56, April 24, 2014). Of those 131 million returns 94,809,000 were due refunds (IR 2014-56).
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Senate Hearings and Department of Justice/IRS Actions Likely to Drive up Reports of Foreign Banks and Financial Accounts (FBAR)

43,000 Taxpayers have disclosed their offshore accounts to IRS as Senate wants numbers to rise. Direct Tax Relief (DTR) assists clients with FBAR requirements On February 26, 2014 the Senate Permanent Subcommittee on Investigations held a hearing on “Offshore Tax Evasion: The Effort to Collect Unpaid Taxes on Billions in Hidden Offshore Accounts” (The Permanent Subcommittee on Investigations-Hearings-2/26/14).
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IRS Criminal Investigation Issues Annual Report: 18% Gain in Prosecutions and Convictions Rose More Than 25% Compared to the Prior Year

Criminal Investigation recommended 4,364 cases for prosecution in 2013. Direct Tax Relief (DTR) assists clients to avoid mistakes that lead to criminal investigation and possible prosecution by giving them valid professional advice and guidance so they handle their taxes the correct legal way It was announced by the Internal Revenue Service on February 24, 2014 (IR-2014-18) that the Criminal Investigation Division (CI) has released its Annual Report for Fiscal Year 2013 
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