Check out just a few of the FANTASTIC results achieved for our clients last month!
Case 1: Our first client came to us because he was being audited and wanted to prevent any levy action against him. The IRS claimed our client didn’t report income from stock options and said he owed almost $200,000 with penalties and interest attached! When our client first came to Polston Tax, the first thing we did was get a collection hold with the IRS to make sure his bank account wasn’t levied and his wages weren’t garnished. After going through his tax return and all his documentation, we realized the client had correctly claimed the income and paid the ALL taxes he needed to! We filed a Tax Court petition to object to the proposed assessment made by the IRS. After months of going negotiating with the Appeals Officer, the IRS finally agreed their assessment was incorrect and our client had done his taxes correctly. Not only did we help our client out of a stressful audit, we saved him over $186,000!
Case 2: Our next client was an oilfield worker who had not filed for four years and ended up with a lien on their property. She first hired a national chain out of Florida to help her, but after they tried filing her tax returns without asking for any expenses, she decided to go local and came to Polston Tax. Due to her medical issues and expenses, our client had a hard time making her monthly payments to the IRS on time. We first tackled the levy that was on her Social Security since it was her only source of income. After negotiating with the IRS and speaking with our client, we put her into a Partial Payment Installment Agreement that would help settle her tax debt for much less than she owed. Not only did she get a new affordable payment, but Polston Tax helped her save over $68,000 in the end!
Case 3: Our next client was self-employed, worked in TV production, and took care of his family due to his wife having health issues that left her unable to work. Because he was self-employed and unsure how to file his taxes correctly, he fell behind on several years of filing and ended up owing a large balance. Once he came to Polston Tax, we secured a collection hold so he wouldn’t have to worry about the IRS taking money out of his paycheck and filed an appeal to stop a levy from occurring. We then filed an Offer In Compromise for our client and waited months to hear from the IRS. Once the Offer Specialist took the case, we worked hard to find an affordable option for our client. In the end, the IRS accepted our Offer, putting an end to our clients tax debt and saving them over $135,000 in the end!
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 us today at 844-841-9857 or click below to schedule your free consultation! You can also read more of our Closed Case Round Ups here!