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Back to Back Taxes Help ArticlesIRS Tax Forgiveness Services
Overcoming tax debt is a complicated process full of details that can make it very stressful and hard to navigate. At Community Tax, our experts provide clients with a clear road map to their IRS Tax Forgiveness Services. Sometimes, the path taken leads clients to an Offer in Compromise. In an OIC, the tax practitioners at Community Tax negotiate with the IRS or state tax agencies to significantly lower the total debt owed and help taxpayers pay off their entire balance in as many as a few small installments.
Since the Offer in Compromise offers such significant savings to those who need it, it can be a very tough IRS Tax Forgiveness Services method to have accepted by the IRS. The benefit of coming to Community Tax with looming IRS debt is the amount of expertise and training our tax professionals have in this area. They can determine a client’s eligibility and then negotiate on their behalf with the appropriate tax agencies to ensure the best chance at the OIC’s acceptance.
Last week, our tax practitioners, with the help of our case processing team, aided 10 clients in having their Offers in Compromise accepted. In total, the group saved over $350,000 by negotiating these OICs. With a total settlement amount of just over $17,000, these 10 clients can easily set up payments to remove the remaining portion of their tax balance and then consider their debts settled. Going forward, the most important step is to make sure they pay and file their taxes on time every year.
Below is a table containing some figures about last week’s IRS Tax Forgiveness Services victories. Each client’s tax agencies, balance, settlement and savings amounts accompany their name as well as the members of the team that helped them achieve these successful resolutions. For privacy reasons, we have taken out their last names. Settlements like these are the reason why Community Tax’s teams can be proud of the work they do to help taxpayers get out from under the weight of their debt and experience financial freedom.
| Agency | Tax Balance | Settlement | Savings | Client Name | Practitioner | Case Processor |
|
Georgia |
$17,646.00 |
$10,800.00 |
$6,846.00 |
Warren |
Daniel Urban |
Emily Roberts |
|
Federal & New York |
$32,699.00 |
$500.00 |
$32,199.00 |
Jorge |
Daniel Urban |
Emily Roberts |
|
Federal |
$30,862.00 |
$747.00 |
$29,935.00 |
Hyrum |
Jeremy Brunner |
Emily Brisseau |
|
Federal |
$16,210.00 |
$500.00 |
$15,710.00 |
Edward |
Kelly McGrath |
Emily Brisseau |
|
Federal |
$23,329.00 |
$500.00 |
$22,829.00 |
Cage |
Marek Grabowski |
Robert Kitson |
|
Federal |
$44,400.00 |
$500.00 |
$43,900.00 |
Mark |
Robert Kitson |
Kevin Karpiel |
|
Federal |
$9,850.00 |
$500.00 |
$9,350.00 |
Frank |
Robert Kitson |
Emily Roberts |
|
Federal |
$81,259.00 |
$500.00 |
$80,759.00 |
Michael |
Robert Kitson |
Angela Davis |
|
Federal |
$38,641.00 |
$500.00 |
$38,141.00 |
Martin |
Robert Kitson |
Robert Kitson |
|
Federal & Oklahoma |
$83,922.00 |
$1,960.00 |
$81,962.00 |
Duane |
Robert Kitson |
Robert Kitson |
|
Total |
$378,818.00 |
$17,007.00 |
$361,631.00 |
As is often the case, the specifics of each client’s situation vary widely. Some clients only owe a few thousand dollars to the government, whereas others may have well over $100,000 in debt accrued because of certain factors. Last week, our clients saved anywhere from under $7,000 to over $80,000. Regardless of the balances, it is obvious to see that getting into an Offer in Compromise can be immensely helpful, based on the amounts saved. In most of these OICs, a single payment can completely remove any tax liabilities and help taxpayers to get on the road to financial stability.
When anyone begins the debt relief process, the first important distinction is determining which settlement program is the most appropriate for their needs. Community Tax’s negotiators and tax specialists are experts at finding these resolution options and applying them to client cases on a personal level. If you have any questions about your individual or business taxes, or need help to overcome a tax debt liability, now is the time to get started with one of our tax professionals. Call today and see what the caring, trained team at Community Tax can do for you.
