Why So Many Americans Are Claiming Their Tax Relief Benefits Before the October Tax Deadline
More Americans who owe back taxes are rushing to claim their tax relief benefits before the October tax deadline. For many, this is the last chance to reduce or even eliminate their tax debt before facing hefty penalties.
As the deadline approaches in mid-October, a surprising number of Americans are applying for the Fresh Start Program, which helps reduce or even completely erase their tax debts. Thanks to last year’s budget increase, the IRS has been able to approve more applications than ever before.
When taxpayers fill out our Tax Relief Survey, they are able to see if they qualify for the IRS Fresh Start Program and begin their journey toward tax resolution in minutes.
While most taxpayers file their tax returns by April 15, thousands filed Form 4868, extending the deadline to October 15. Those who fail to meet the deadline will face tax penalties of 5.5% of the unpaid taxes each month – plus interest charges that accrue daily.
"The financial impact of missing this deadline can be devastating for many families," says Tax Attorney Eric Brown. "We're seeing a last-minute surge in Fresh Start applications as people realize the gravity of their situation."
Tax debt affects thousands of Americans; however, few seek assistance to resolve their debts with the IRS. It’s not that the resources are unavailable, but that the IRS bureaucracy often gets too complicated for the average American to handle.
Take this 60-second Quiz to See if You Qualify for the IRS Fresh Start Program.
In truth, fighting the IRS is a full-time job, so Americans are turning to reputable tax relief firms to ensure that they apply for tax relief correctly and maximize their chances of approval.
"Many Americans assume they don't qualify without ever checking," Brown adds. "In reality, a broad range of circumstances can make someone eligible for significant relief."
Remember, it is 100% FREE to see if you qualify for the IRS Fresh Start Program, and a few minutes could help you save THOUSANDS.
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Every day, your tax debt grows larger due to penalties and fees. It is vital to act now and partner with a tax relief expert to receive the best resolution possible.
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