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
January 4, 2010 by admin
Filed Under: Tax Problem Resolution Success Stories Tagged With: Bank Accounts, Divorce, Fresh Start, Irs Audit, New Lease On Life, Personal Bankruptcy, Personal Problems, Tax Preparer, Taxpayers, Wages, Woman
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