Tax Debt Of $23,656 Reduced By Correctly Filing Tax Return And Setting Up Installment Agreement
December 11, 2024
SITUATION: A couple reached out to us with an IRS balance of $23,656 accumulated over several years. They had not filed several tax returns and were unsure how to address the mounting debt. The IRS was threatening enforcement actions, and they needed assistance to become compliant and manage their debt effectively. INVESTIGATION PHASE: To initiate…
$186,000 In IRS Tax Debt Resolved With An Offer In Compromise ($21,000 Paid)
December 11, 2024
SITUATION: A business in Florida was facing a substantial debt of $186,000. Given the significant amount owed and the financial difficulties the business was experiencing, we needed to find a solution to reduce the debt burden. INVESTIGATION PHASE: To begin the investigation process, we assigned a dedicated case manager to the business, ensuring personalized attention…
$15,000 In IRS Tax Debt Resolved with A Currently Not Collectible Status ($0 Paid)
December 11, 2024
SITUATION: A client from Florida was facing a significant IRS debt of $15,000. The client’s financial situation made it challenging to make regular payments, and there was a risk of aggressive collection actions from the IRS. INVESTIGATION PHASE: Upon taking on the Florida client’s case, our tax team promptly assigned a dedicated case manager to…
An $89,000 IRS Tax Debt Settled For $100 Through Offer In Compromise
December 11, 2024
SITUATION: A taxpayer from New York reached out to us, burdened with an overwhelming IRS debt of $89,000. They were facing significant financial hardship and were unsure how to resolve their tax issues. The looming threat of IRS collection actions, such as wage garnishments and bank levies, added to their stress. INVESTIGATION PHASE: Upon taking…
$17,236 In IRS Tax Debt Resolved with A Currently Not Collectible Status ($0 Paid)
December 11, 2024
SITUATION: An elderly married couple contacted us with a tax debt of around $17K. They were very scared of the collection notices they were receiving and didn’t know how to deal with this situation. Living on a fixed income had not allowed them to afford to pay the taxes they owed for several years. INVESTIGATION…