Another successful tax debt settlement

The client originally came to Dickmann Tax Group seeking assistance with a New York Department of Taxation balance due, believing that his balance with the IRS was near paid-in-full. He had accrued several balances due to the financial crash of 2008, and it took a number of years to financially recover. He was still facing a hardship when he reached out to Dickmann Tax Group, and we began work to protect him from any wage garnishments from the state, and to negotiate a tax debt settlement to relieve him of his tax burden. 

As with all cases, Dickmann Tax Group did its due diligence and pulled the records for his IRS case to verify the status of the account and ensure there was no collections threat, and if negotiations were needed. It was due to this check that we discovered he owed close to $50,000 for balances from almost a decade ago. The client was surprised, to say the least, but we got right on the matter and ensured there would be no aggressive collections actions taken against him. We prepared a statement of financial hardship, and were able to negotiate the account into a Currently Not Collectible status. Under this status, he will not need to make any payments towards the back debt, and he is not subject to garnishments or bank levies. The debt will expire in ~3 years, at which time the balance, in its entirety, will be written off the account and he will be clear of any IRS debt. 

Dickmann Tax Group continues to work with the taxpayer to negotiate a settlement of his state tax debt, but we are happy to have been able to successfully negotiate an IRS case he was unaware of in the interim. 

Obviously all tax situations are different, however if you would like to learn more or schedule time to discuss your own tax issues, please click here and we would be happy to assist you.