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Installment Agreement

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.

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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.

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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.

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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.