Our 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!
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Our client was ahead of his taxes until the IRS audited him and assessed extra tax balances. Our client was retired but had previously owned a business. He came to us with a tax lien and years of unfiled tax returns. Before we could get a resolution, we first had to file his unfiled returns. Once he was in compliance, we were able to appeal the lien and get it removed. It was shortly after we got the lien withdrawn that our client’s wife was diagnosed with cancer. This dropped our client’s income drastically as the wife could no longer work. Our attorneys were not only able to temporarily put our client in Currently Not collectible status and get the Social Security levies released, but they were able to get over $15,000 in penalties abated for our client! We then got all the necessary paperwork from our client and filed an Offer in Compromise. After a year of negotiating with the IRS our OIC was approved for $85, saving our clients over $160,000!
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