The following are 3 cases where we settled taxes for less.
IRS Tax Debt Reduction – Case 1
Client is self employed. The client has not filed tax returns for 4 years.
We prepared the missing tax returns. The IRS tax debt was about $35,000.
We determined the client qualified for Offer in Compromise Doubt as to Collectability.
The IRS accepted $3,000 to settle $35,000 of IRS tax debt.
Click here to learn more about the steps we took.
IRS Tax Debt Reduction – Case 2
Client use to be self employed. The client came to us with $40,000 of IRS tax debt. The client needed the last two years of tax returns filed.
We prepared the missing tax returns. The IRS tax debt increased to $70,000.
We determined the client qualified for Offer in Compromise Doubt as to Collectability.
The IRS accepted $750 to settle $70,000 of IRS tax debt.
Click here to learn more about the steps we took.
IRS Tax Debt Reduction – Case 3
The client had not filed for awhile. The IRS ended up filing for the client. The IRS tax debt was $35,000.
We decided not to file the missing returns because the client qualified for Offer in Compromise Doubt as to Collectability.
The IRS accepted $500 to settle $35,000 of IRS tax debt.
Click here to learn more about the steps we took.
IRS Circular 230 Disclosure: To the extent this writing contains advice on a federal tax issue, the advice is not intended to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code, or (ii) promoting, marketing, or recommending to another party any transaction or matter addressed in this communication.