The client had old tax debts with both the IRS and State of Maryland, totaling over $140,000 combined. She sought the help of Dickmann Tax Group to prevent collections (bank levies, wage garnishments, asset liens) and knew she could trust us thanks to our perfect rating with the Better Business Bureau.
Dickmann Tax Group immediately secured holds on collections and filed a full tax debt settlement (ie an Offer in Compromise) with the IRS for the entire balance. The IRS accepted this settlement, in full, and the $74,000 balance was reduced to under $1000 and the client was given 2 years to repay that!
For the State of Maryland, Dickmann Tax Group worked with the taxpayer to meet the compliance requirements to qualify for an a similar settlement with the state. Despite push back from the state, the associate team was able to negotiate a settlement for just 32% of the total debt, removing all penalties and interest, and allowing the client to repay the settlement over 8 years!
Overall, the client settled her debt of over $140,000 and was given extended time to make her settlement payments. Additionally, the tax liens filed against her by the state (and IRS) were released.
If you would like to learn more or schedule time to talk and discuss your own tax issues, please click here and we would be happy to assist you.