Success IRS $100 Tax Debt Settlement

This client came to us seeking help with an IRS tax debt that had spiraled out of control. The debt was approximately $182,000 and it stemmed from when the client still worked and had their own business. The client had to retire and no longer had the ability to repay these taxes. The client did attempt to solve his tax problem by himself and even attempted to refinance his home to repay the IRS without success. When the client hired us, we got to work on protecting him from collection action and on the negotiation of a tax settlement.

The IRS’s main concern with accepting a settlement was the equity in their home, which they argued could pay the debt in full. However, the client was unable to get accepted for a loan despite applying to multiple lenders. After many roadblocks and issues the IRS tried to raise, we were finally able to prove the client simply could not pay this debt back. Attempting to pay the debt back would affect their ability to pay for necessary living expenses and to keep their home.

We are happy to share the success of his settlement for just $100! This means we saved the client more than $181,000 that he would have had to repay in full. The client is now able to enjoy retirement without the looming threat of IRS levies, garnishments, or liens on his property.

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.