IRS Fresh Start Program Qualifications

The IRS fresh start program qualifications include:

• You must have been unemployed for 30 consecutive days in 2011 or before April 15, 2012
• Married couples filing together must have at least one partner who qualifies for the Fresh Start program
• Your tax balance must be less than $50,000 at the end of 2011
• If you are self-employed you must show a decrease of 25% or more in net income
• Married couples must not have earned over $200,000 or individuals must not have earned over $100,000 for the year
• According to IRS.gov taxpayers must use Form 1127, Application for Extension of Time for Payment of Tax Due to Undue Hardship

Benefits of the Fresh Start Program

According to H&R Block these are three of the most important benefits of the fresh start program:

• In most cases tax liens will only be issued if the amount exceeds $10,000.
• Individuals are able to spread out $50,000 or less with direct installment payments over 6 years (72 months).
• Taxpayers have expanded flexibility with Offer in Compromise (OIC) to determine a tax payer’s ability to pay.

Learn more about the IRS Fresh Start Program

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