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Is the IRS Fresh Start Program a viable option?

On Behalf of | Feb 8, 2022 | Tax Debt

It is no secret that dealing with financial hardships can be stressful and daunting and similar concerns can take a significant toll on one’s quality of life. One of the most imposing monetary challenges one might face could involve the process of dealing with tax debt. While there may be various options with which to seek relief from similar obligations, such as the IRS Fresh Start Program, individuals in Georgia might not always know how to tell which options may be viable for their situation or how to choose the best path forward.

Tax debts

According to experts, the IRS Fresh Start Program is a tool that could help many individuals who struggle with debts stemming from back taxes. However, this program might not be for everyone, as experts say that there are strict requirements involved with qualifying for aid through this outlet. There could also be alternative options, such as negotiating installment payments, and evaluating each option could prove integral to preparing to make an informed decision.

As experts also indicate that there may be a variety of programs available through the IRS Fresh Start Program, seeking insight on how to choose the best path could also be imperative. It could also be helpful to know that in some cases, enrolling in a similar program could prove relief in other areas, such as the possibility of stopping or preventing wage garnishment. Those enrolled in this program may also be eligible for tax penalty abatement.

Navigating the process

While similar programs could provide aid to those dealing with back tax debt, pursuing relief through the proper channels can be a complex process. Individuals in Georgia who face similar concerns and wish to know more about their available options could find it helpful to consult with an attorney for advice in navigating the process. An attorney can help a client address all the available options and assist in choosing a path that best aligns with his or her needs.