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Back Tax Debt Relief Under the New Tax Law

Back Tax Debt Relief Under the New Tax Law

By on May 21, 2018 in Debt Relief, Tax Debt, Tax relief | 0 comments

Back Tax Debt Relief Under the New Tax LawThe Internal Revenue Service (IRS) has tried to make life a bit easier for those who owe back taxes. The IRS Fresh Start Initiative was put in place to help make it easier for taxpayers to pay back their tax debt and avoid tax liens.  Here are some key parts of the new tax law that you should take note of if you currently owe back taxes to the IRS:

Things to Keep in Mind if You Owe Back Taxes


  • Installment Agreements: An installment agreement allows taxpayers to pay their tax debt over time, rather than in one large lump sum. The IRS has made the application process for an installment agreement more simple and straightforward.  Now, individual taxpayers who owe the IRS up to $50,000 can pay their tax debt in monthly direct debit payments for up to 72 months (six years). If you fall into this category, you will likely not have to show the IRS detailed financial documentation as required in the past.  Use Form 9465 to apply.  If you owe more than $50,000, you are still required to present the detailed financial documents.


  • Offer in Compromise: An Offer in Compromise allows a taxpayer to pay the IRS less than they actually owe to resolve their debt.  An Offer in Compromise is now available to a wider group of taxpayers and the application process has also been streamlined to make it easier and user-friendly.


  • Tax Liens: The new tax law also impacts the threshold at which the IRS will file a Notice of Federal Tax Lien. The amount has been increased by the IRS to $10,000.


The IRS has made a concerted effort to simplify the process for applying for debt relief programs and has, in many cases, increased the thresholds for who may qualify.  The net result is that more taxpayers can now benefit from these tax relief programs and actually put their tax debt behind them once and for all.

Put Tax Debt Behind You


It’s important to note that if you have a significant tax debt and are not sure best way to move forward, you may also want to partner with a professional tax relief company that can help you navigate the process.

Success Tax Relief specializes in helping taxpayers find the best possible solution for getting rid of tax debt. Our team can communicate directly with the IRS on your behalf, review and analyze your financial and tax documents to determine the program that will best meet your unique needs, and explain the process to you in a clear and concise way.

Success Tax Relief understands the stress of owing back taxes to the IRS. We also realize that the IRS is not going away, so the best way for taxpayers to proceed is to deal with their issues head on. We can help you take this difficult, yet important step.  Call us today at 877-825-1179 or contact us online to speak with one of our tax relief specialists.

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