There are several reasons including that the IRS is stepping up its collection efforts and your time for coming up with a tax debt solution may be very limited. But don’t worry because we are here to help you immediately with the Fresh Start Initiative and the Offer In Compromise program.
Attack Your Tax Debt Now
If you are facing a tax debt attacking it now before the “tax season rush” gives us a better chance to get you a fast resolution. It could improve your chances for an Offer In Compromise or tax relief with the Fresh Start Initiative.
Keep Track Of Your Expenses for Tax Deduction
First of all, are you keeping your tax-deductible receipts? Do you have envelopes to collect medical expenses and job search expenses, and are you keeping track of income from gig work? Are you keeping track of your automobile mileage for business, for looking for work, for driving to doctors and to pharmacies, and for making donations to charities; that mileage can be tax-deductible.
What The IRS Is Looking For Now
Are you buying or selling stocks or cryptocurrency? The IRS is paying very close attention to cryptocurrency trades now. You might be taking profits or limiting losses by selling your cryptocurrency now so it’s a good time to record what the purchases cost and what you received.
Are you collecting unemployment? Are taxes being withheld? Perhaps you want to adjust your withholding for unemployment benefits as well as income on your job.
And look at your family budget: the middle of the year is a good time to check to see if your tax withholding is on target. Maybe you want a big refund because you consider it forced savings? Or, maybe you want to finish the year even with the IRS and spend that extra money throughout the rest of 2022.
Protect Your 2022 Tax Refund
Midyear is a great time to take a little time to look over where you stand. And if you spot a tax problem early, consult with a tax professional now so you can control the damage while there’s time and lock in a refund if that’s your goal.
Click on our links to start getting immediate help and guidance.
See if you qualify for the Fresh Start Program today!
We provide our tax relief survey as a free resource – don’t let this opportunity pass.
- Answer a few questions about your finances
- Qualify and be presented with a resolution
- Enroll in Fresh Start
You can click here to be connected with a verified partner of freshstartinfo.org.