Personal Income Tax – $250,000 owed, the IRS about to seize assets. We told the IRS “Back Off!”.
A Real Estate Agent had not filed returns since 2007 because of the economic downturn and the housing market bubble. The IRS had filed several returns against him with no expenses and made assessments against him in excess of $250,000. They even sent an IRS Field Collection Officer to his home threatening to seize his assets and bank accounts and garnish his wages.
He hired Tax Clean Up to help. We worked quickly to bring his taxes current and correct the delinquent tax filings. We also worked out an agreement with the IRS Revenue Officer to leave him alone. We’re currently considering an Offer in Compromise to settle this case with finality.