Every month, our tax attorneys and case managers work hard to help our clients settle their tax liability once and for all. Some of our clients struggle with bank levies or wage garnishments, while others owe money due to owning a small business. Here are just a few of the clients we were able to help this month.
Case #1: One of the first clients we were able to help this month owned a successful Drywall business. With any business comes tax requirements and if you’re not careful, it can be easy to slip into tax trouble. Our client had gotten behind on his tax payments and ended up owing close to $100,000 to the IRS. It was after the IRS started garnishing his paycheck that our client decided to ask for our help. The first thing we did was gather his financial information. The IRS will always ask for bank statements, bills, paychecks and other financial information before they will start talking about payment arrangements. Once we were able to get his payment information together, we were able to get the garnishment on his wages released and then placed him into Currently Not Collectible status to prevent further levies from happening. After we were able to make sure our client wasn’t facing any levies, we negotiated a Partial Payment Installment Agreement for $25/month. This not only helped our client resolve his tax issue, but it ended up saving him around $90,000.