A Summary of the IRS Fresh Start Initiative Recently, you may have heard a lot about the Fresh Start Initiative in radio ads, tv advertisements, online and more—like it is some recent change the IRS made. In reality, the IRS officially launched the Fresh Start initiative (FSI) in 2011 in order to help taxpayers get […]
Posts Tagged ‘currently not collectible’
There are times where you agree with the IRS that you owe taxes, but you can’t pay due to your current financial situation. If the IRS agrees that you can’t both pay your taxes and your reasonable living expenses, it may place your account in Currently Not Collectible (CNC) (hardship) status.