Successfully Settled Tax Debt

Quick little background: the client had accrued some tax liability and was on an installment agreement with the IRS.  A few years later the client had a difficult couple of years and didn’t file her tax returns.  The client didn’t think she would owe anything for the missing tax returns as in previous years the client hadn't.  The client did go through a divorce, and this changed her standard deduction and was the reason she didn't file her tax returns for 2 years.  After the tax returns were filed, she owed a total tax liability of over $23,000.  The client was struggling to make installment agreement payments already and couldn’t afford what the IRS wanted to increase the payments to.

Needless to say, but the client was stressed out when she reached out to Dickmann Tax Group to see what her options were.  After taking a look at the client's financial picture the conclusion was clear; the client didn't have the money to pay the IRS and was qualified for a full settlement of the debt.  Dickmann Tax Group promptly secured a Not Collectible status preventing the IRS garnishing her paycheck or levying her bank account. The client could now sleep at night knowing the tax debt was taken care of.

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.