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Tax Services – ABA Tax Accounting

IRS Fresh Start Initiative – In 2011, the IRS announced a new program, called the Fresh Start Initiative, to help distressed taxpayers. The IRS adjusted its lien policies, increased the dollar threshold when liens are generally issued, made it easier for taxpayers to obtain lien withdrawals, and extended the streamlined offer-in-compromise program.  Previously, the IRS had given its employees greater authority to suspend collection actions in certain hardship cases where taxpayers are unable to pay. This includes instances where a taxpayer has recently lost a job, is relying solely on Social Security, or is paying significant medical bills.

If you are experiencing hardship, the most important thing you can do is to remain in compliance with your tax obligations. If you owe back taxes, now is the time to pay them, if possible, or enter into an installment agreement, if you qualify, with the IRS. The IRS wants to see you making a good faith effort to pay your taxes. In this process ABA Tax Accounting can assist you! For a Free Consultation call or email:

ABA Tax Accounting

Amare Berhie, Senior Tax Advisor

Abatax81@gmail.com

612-282-3200

Toll free 866-936-0430

www.abataxaccounting.com

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