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.
Category: Client Case Studies
Streamlined Installment Agreement
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.
Offer in Compromise Results in Huge Savings
Offer in Compromise Settlement
Sequoia Tax Relief managed a liability for an individual in Bronx, New York approximating $3.4 million owed to the IRS. Our Offer in Compromise was accepted for $56,304. These negotiations resulted in $3.34 million dollars in savings for our client.
Negotiated Installment Agreement
Personal Installment Agreement Accepted
Sequoia Tax Relief managed an IRS liability approximating $190,000 for a business in Puerto Rico. We were able to negotiate an Installment Agreement for $985 per month.
Saved Client $896,000
Partial Pay Installment Agreement Accepted
Sequoia Tax Relief managed four separate liabilities for our client in Williston, North Dakota totaling over $950,000. The Sequoia Tax Relief team negotiated a Partial Pay Installment Agreement for $500 per month, saving approximately $896,000 for our client.
Payment Plan and Expiration of Collection Statute
Partial Pay Installment Agreement Accepted
Sequoia Tax Relief managed a business liability of $175,000 for our client in Anderson, Indiana. The Associate negotiated a payment plan for $650 per month. This payment plan will only pay $15,000 of our client’s business tax liability and the remaining liability of $160,000 will expire at the end of the Collection Statute.
Defunct Status
Modification of Federal Tax Lien
Sequoia Tax Relief managed a federal tax liability of approximately $290,000 for a children’s group home in Phoenix, Arizona. The Associate contacted the IRS and negotiated the business into a defunct status, leaving only $60,000 in personal tax debt to be repaid. This resulted in a savings of approximately $230,000 for our client.
Very Affordable Installment Agreement
Partial Pay Installment Agreement Accepted
Sequoia Tax Relief managed a business liability approximating $160,000 owed to the IRS for our client in Santa Fe Springs, California. The Associate negotiated an Installment Agreement for only $50 per month for our client.
Offer in Compromise Saves Client $90,000
Offer in Compromise Accepted
Sequoia Tax Relief managed a personal liability of over $100,000 for outstanding Trust Fund Recovery Penalty and Personal Income Tax due to the IRS for a former business owner in Silver Spring, Maryland. We negotiated an Offer in Compromise in the amount of $5,800 to satisfy the outstanding liabilities. Our client will be able to pay the Offer amount over five months thereby releasing all tax liens and saving our client in excess of $90,000.
Refund Negotiated
Installment Agreement Accepted
Sequoia Tax Relief managed a state tax liability of $54,000 and a federal tax liability of $5,000 for a couple in Cherokee, Iowa. We negotiated a refund of approximately $28,000 for our client.