The client had incurred several high dollar tax debts due to financial struggles leading up to the end of his marriage. He and his ex-spouse had incurred joint tax debts due to his self-employment, and he incurred several more debts resulting from the divorce. In the years following he worked tirelessly to secure financial stability and move on with his life. As part of his efforts, he contacted Dickmann Tax Group to assist in resolving his tax debts with the IRS and state.
Dickmann Tax Group immediately placed a hold on enforcement to prevent aggressive collection from the IRS, such as a bank levy or wage garnishment, against the $130,000+ balance due. The associate then analyzed his financial condition and determined that he qualified for a tax debt settlement against the balance due. In presenting a financial hardship argument to the IRS, Dickmann Tax Group proposed a settlement of just over $9,000 to settle the $130,000 tax debt. After some negotiations with the settlement officer, the Offer was accepted without any counters from the IRS. The client paid the settlement balance and the remaining debt was written off his account, leaving him with having paid roughly 6% of the total debt.
With the accepted settlement against the IRS debt, Dickmann Tax Group will be moving forward to negotiate the same against the assessments placed against him from the state, continuing with our representation and assistance on his road to financial recovery.
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.