Our client in Austintown, Ohio owed $37,796 in Civil Penalties. His Revenue Officer wanted our client to pay $1,200 per month, however, after a thorough review of our client’s financials, we negotiated his Installment Agreement payments down to $715 per month.
Our client is a Reverend in Pella, Iowa who previously owned an automotive repair shop. The business has since closed, but our client was assessed with approximately $52,000 worth of Civil Penalties. We were successful in placing the balances into a Currently Non-Collectable status in order to keep him protected while he works to get back on his feet financially.
Our client owns and operates a grocery store in Belle Grove, Maryland. We were successful in placing both the business and personal account balances into Installment Agreements with the Revenue Officer. Since our client is operating as a sole proprietorship, he owes approximately $216,000 on his 1040 Individual Income Tax return and $698,000 on the business. The personal Installment Agreement was formalized for $1,400 per month and the business for $4,200.
Our client lives in Blythewood, South Carolina and works as a recruiter for pharmaceutical companies. He owes $143,753 to the Internal Revenue Service. We were successful in placing the balances into a Currently Non-Collectable status. Due to the age of the balances, he will remain in this status until approximately $50,000 drops off due to the expiration of Collection Statute Expiration Dates.
Our client lives in Desert Hot Spring, California and is a retired adult care facility director. She owed approximately $1.2 million to the IRS and $431,000 to the Franchise Tax Board. The balances stem from a misreported asset sale and early withdrawals from a retirement plan to keep the business afloat. We were successful in obtaining an Offer in Compromise with the IRS for $5,554 and a zero dollar Offer with the Franchise Tax Board.
Our client is a CPA who lives in Brooklyn, New York. We were successful in reestablishing a streamlined direct debit Installment Agreement after her 2016 tax balance defaulted the existing payment plan. She paid the balance below the $50,000 figure and the payment plan was set up for $695 to prevent liens from being filed against her.
Our client in San Antonio, Texas owed approximately $24,500 due to a Trust Fund assessment from his current IT business. We were able to negotiate a Direct Debit Installment Agreement to ensure that there were no personal liens filed against our client’s social security number.