Young Widow – $85K IRS Tax Bill SETTLED for $7K
A young widow and new mother filed her return claiming a $4000 refund, but instead received an IRS Tax Bill. The IRS said she left off her decedent husband’s business income, and as a result, IRS claimed she owed $85,000 and was threatening to garnish her wages at her new job.
She came to Tax Clean Up for help – We stopped the IRS from taking her paycheck and with very few records we worked to recreate the case and resolve this case for only $7,000 and set up a very affordable repayment agreement. Disaster averted.
Individual Small Business Owner $325K Tax Debt Reduced to $25K
File Under: Individual income tax debt reduced, small business
A small business owner came to us by referral after being represented in an audit by another representative. The previous exam resulted in owing $325k. The client came to us after having paid a substantial sum to the previous representative, and we got the amount reduced to $25k thru audit appeals, then set them up on an affordable payment agreement. Our total fee was 1/3 the amount paid to the previous representative.
Computer Staffing Payroll Tax Penalties – $177K ABATED
Business/Payroll Tax Client -$177,000 in payroll tax penalties and interest ABATED!
A Computer/IT Staffing Company experienced a severe decrease in business while retaining 40 idle staff members. They fell behind on payroll deposits and filings for a period of time until business improved. The IRS hit them with large penalties and interest. Tax Clean Up was able to get $177,000 in penalties and interest on penalties ABATED.
Trucking Company Got Payroll Tax Debt Reduced from $250k to $2,400
Business Employment Tax / Payroll Tax Debt – $250k – SETTLED for $2400
The owners of this trucking company worked very hard for many years to build their business. They made a few mistakes and had a few bad breaks, and ended up owing $250,000 in back payroll taxes. IRS assigned a field collection officer to seek out assets of the company AND owners assets they could seize. They were referred to and hired the Tax Clean Up team to help them resolve this nasty situation.
We went to work, stepped between our client and the IRS. We negotiated a settlement of 24 equal payments of $100. That’s right, $250,000 debt settled for only $2400 over TWO YEARS through an Offer in Compromise.
Trucking Company and Owners, -Illinois