Lisa had suffered greatly as a result of personal problems, including both a divorce and a personal bankruptcy. She lost everything she owned – including her home. Fortunately, bankruptcy gave her a fresh start and a new lease on life . . . or so she thought! Just when she thought her troubles were over, the IRS came into her life, claiming she owed over $38,000 due to unreported income. As a result of her previous tax preparer’s mistakes in preparing her return, the IRS was demanding over $38,000 that she did not have and was threatening to levy her bank accounts and wages. She was terrified of what would happen. Our firm negotiated a reduction of over $37,000 in her tax bill by invoking a little known tax law relating to taxpayers discharged in bankruptcy. As a result, Lisa paid only $800 in tax. She was relieved beyond words.
Bankrupt Woman Saves Over $37,000 In IRS Audit
Couple Saves $34,000 Over A Year After Their Deaths
Jill was depressed and upset, she had lost both of her parents within the last two years. The IRS was now claiming her deceased mother owed over $40,000 in unpaid taxes. She could not believe what was happening! While she was still in mourning, the IRS threatened to seize her mother’s house – where her siblings still lived. She felt like she was being kicked while she was down. Jill called her attorney, who quickly referred the case to our firm. After investigating the case, our firm discovered Jill’s parents had never filed their 1993 returns. Unfortunately, the IRS decided to file a separate return for her mother which contained several huge errors. Due to a long illness, her father had no taxable income that year. Thus, the IRS didn’t file a separate 1993 return for him. Our firm helped Jill gather her parent’s 1993 tax information together. Next, we determined that her parents qualified to file a joint return that year, even though her father had no taxable income. Our firm prepared and filed a joint return, which Jill signed as executor of both her parents’ estates. As a result, our firm was able to reduce the assessment to just over $5,000. Jill was greatly relieved.
Terrified Couple Avoids Date With U.S. Marshall
Don and Alicia knew they were in serious trouble. They had not filed tax returns for several years and owed the IRS over $240,000. Unfortunately, they had ignored an IRS Summons demanding their appearance before IRS Revenue Officers with records relating to both their personal finances and Don’s business. As a result, IRS Revenue Officers referred the case to IRS attorneys who demanded Don and Alicia’s appearance and the production of their financial records or they would refer the case to the U.S. Department of Justice for prosecution by the U.S. Attorney’s Office. At this point they knew they were in BIG trouble. Fear set in and so did procrastination. Like a deer caught in the headlights of an oncoming car, Don and Alicia froze and did nothing. It was only a matter of time before things would erupt into an ugly situation. The case was soon referred to the Department of Justice to be prosecuted by the U.S. Attorney’s Office for failure to comply with the IRS Summons. The next step for failure to comply with the Summons would be a date with the U.S. Marshall’s Office. Don and Alicia called our office just two weeks before their scheduled court appearance in U.S. District Court. They met with our firm visibly shaken and extremely upset. Reality set in and they knew it was time to resolve their problem but were terrified of the possibility of a U.S. Marshall arriving at their home with a warrant for their arrest at an ungodly hour. Our firm helped Don and Alicia prepare the tax returns and financial information necessary to get to the negotiating table with the IRS. We then contacted the IRS and the U.S. Department of Justice and negotiated withdrawal of their suit to enforce the Summons, thus avoiding a date with the U.S. Marshall’s Office. With the imminent threat of danger gone, our firm could focus on resolving their overall tax problem.
Small Business Owner Saves $15,000
Jim had not filed returns for seven years. He was petrified of what lay in store for him with the IRS. Fortunately, the IRS had not caught up to him yet but it was only a matter of time before they would. Our firm worked to organize his business records and prepare a set of books for each year. After preparing and filing all his returns, we filed and negotiated an Offer In Compromise settling his delinquent tax liabilities for far less than he originally owed. Jim was glad to be back on track and out of debt with the IRS.
Distraught Taxpayer Saves Over $35,000 Straightening Out Life
Rosemary hadn’t filed returns in quite a few years and she knew she had a serious problem. She knew it was time to straighten out her financial life. Fortunately, the IRS hadn’t caught up to her yet. Our firm worked to get all Rosemary’s returns prepared and filed and then negotiated an Offer In Compromise settling her old liabilities for less than 16 cents on the dollar. She was very grateful to have her tax problems behind her with a clean slate and a bright future ahead.
Businessman Saves $100,000 Ending Financial Disaster
Art was experiencing cash flow problems in his business. He believed in his heart that things would turn around and that his problem was only temporary. Unfortunately, his cash flow problems only got worse. His business just wasn’t making it. To alleviate this “temporary” cash flow problem, Art started borrowing from the IRS bank (ie. his employees’ payroll withholding taxes). He also neglected to file his payroll tax returns for a year and a half. Reality set in and Art knew he had a BIG problem. The IRS was getting impatient waiting for the returns. It was only a matter of time before things came crashing down on his business. Our firm helped Art prepare and file all his payroll tax returns and a few individual tax returns. Next, we negotiated an Offer In Compromise for both his old individual AND business payroll taxes saving him $100,000. Art was grateful that everything was over. His failed business was behind him and he was given a new lease on life.
Contractor Saves $222,000 Cutting Deal With The IRS
Jack was a contractor who had not filed returns for eight years. The IRS had filed returns for him for some of those years and was demanding returns for other years immediately or else! The IRS had levied his paycheck and there was no end in sight. Our firm worked with Jack to prepare and file the missing returns and negotiated a settlement of $8,000 as payment in full for a staggering tax liability of $230,000. Jack was greatly relieved when it was all over and this insurmountable debt off his back. He was given a fresh start and able to get on with his life.
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