A business in Hastings, Nebraska hired Sequoia Tax Relief to assist in resolving their federal tax liability. The Associate completed a full financial review and proposed a payment plan of $50 per month for our client to satisfy the liability. The Installment Agreement was accepted, meaning that by the time the Collection Statute Expiration Dates run, our client will have paid approximately $4,800 and saved $29,561.92.
A company in Varnville, South Carolina owed $45,120 to the Internal Revenue Service and hired Sequoia Tax Relief to formalize an Installment Agreement for them. With our client’s financials, we requested an Installment Agreement of $250 per month. Our client stated she was comfortable in a monthly payment plan not to exceed $500 per month. We negotiated with the Appeals Officer and he agreed to place the account in an Installment Agreement for $250.00 for the remainder of the year beginning May 28, 2018. The Installment Agreement is scheduled to increase to $275 in 2019 and $300 in 2020. The payments over the life span of the account using the Collection Statute Expiration Dates will total approximately $33,850, saving our client $11,270 without the additional accrual of penalties and interest over the next nine years. Total savings on the account will approach $20,000.