Our client lost everything in the market crash and moved to Oklahoma to try and start over. When our client came to us, he had not filed his tax returns in years and had a large tax liability. Once we had our client in compliance, we did a work up of their financial situation and found our client had very little money left over once they paid their bills. We used this information to file an Offer in Compromise. After filing, we waited months before the IRS even looked at our application. After an Offer Specialist was assigned, we started to negotiate on a settlement. During this time, our client found out they would owe for the upcoming year. We worked with the Specialist to not only get an affordable resolution for our client, but to get the new year’s balance included into the resolution. We were able to successfully secure an Offer for our client that ended up saving them over $89,000!
Team Member
Most of our clients are assigned Revenue Officers because they have a large tax liability and haven’t made attempts to settle their balance. One of our clients owed almost half a million dollars to the IRS and was desperate to get her tax liability resolved. She owed for several tax years and owed the state thousands of dollars as well. After getting our clients tax returns filed and getting her into compliance with the IRS, we started working towards a resolution. We decided an Offer in Compromise (O.I.C) would be the most ideal outcome for her situation. Our firm submitted the OIC and waited nearly a year before the IRS finally responded and assigned an Offer specialist! We aggressively negotiated the OIC payment arrangement with the Offer Specialist hoping to get something our client could afford. The IRS finally accepted the OIC months later and we were able to settle our client’s tax liability once and for all saving her almost $450,000 in the end!
Team Member