The IRS Fresh Start Program is designed to help taxpayers who are struggling with tax debt. It offers a variety of options, such as installment agreements, which allow you to pay off your tax debt over time, and offer in compromise, where you may settle your tax debt for less than the full amount owed. The program also includes provisions for penalty relief and expanded access to installment agreements. At Tax Wise Guide, we help you understand if you qualify for the Fresh Start Program and guide you through the application process to get the best possible outcome.

To prepare your taxes accurately, you will need a variety of documents depending on your situation. Common documents include income statements such as W-2s or 1099s, records of any deductions or credits you wish to claim (like mortgage interest, charitable donations, or medical expenses), and any relevant investment income or loss statements. If you own a business, you’ll also need records of your expenses, income, and any payroll information. At Tax Wise Guide, we provide a detailed checklist to ensure you have all the necessary documents before we start your tax preparation.