Check out just a few of the FANTASTIC results achieved for our clients last month!
Case 1: Our first client is a manufacturing business owner that always filed his tax returns for previous years, but fell behind on his payroll tax payments and ended up owing over $1 million to the IRS. Facing levies and liens, he decided to come to Polston Tax and get help resolving this issue. Once we completed his financial analysis, we appealed the Final Notice he received to prevent levies so he could keep his business running. Once the levies stopped, we decided to tackle his personal and business tax liability at the same time by filing an Offer in Compromise for both. After the IRS finally assigned an Offer Specialist, we negotiated an affordable payment for both liabilities and got both Offers accepted! In the end, we saved our client $1,030,827 and allowed him to keep his business running!
Case 2: Our next client had a business buying and selling cell phones until the IRS audited him. The IRS claimed he owed almost $800,000 because they were disallowing all his claimed expenses. Our client contacted the FBI to make sure his business was legal and was told it was, but still the IRS would not allow any of his expenses. The audit ended up putting our client out of business. He decided to come to us after he became worried the IRS would go after his wife’s income and finances. After appealing the IRS’ attempt to levy our client and holding a CDP conference with the IRS, we filed an Offer In Compromise hoping his minimal income and assets would allow him to pay very little for his large tax liability. Our firm was able to negotiate a $25 Offer, which saved our client over $780,000!
Case 3: For some people it might seem easier to set up your own installment agreement rather than hiring an attorney. But for one of our clients, it caused him multiple defaults and quite a few penalties. As a business owner, our client didn’t file for several years and tried to take care of the problem himself. After setting up his own installment agreement, the IRS kept raising the monthly payment which caused him to default! Desperate because his Social Security was being levied, he came to us for help. After looking through his financials, we aggressively negotiated with the IRS and used tax law to help lower our clients monthly payments. As a team, we secured a $25/month payment for our client and got the Levy on his Social Security released. In the end, we saved our client years of stress and over $45,000!
If you need help settling your tax debt with the IRS or State, call Polston Tax Today! Our team of Tax Attorneys, CPAs, Case Managers and Tax Accountants will help you get the best resolution possible and solve your tax problems once and for all! Call 844-841-9857 or click below to schedule a free consultation!