Successful Offer-In-Compromise Tax Debt Settlement

by Dickmann Tax Group Team

Example of an Offer-In-Compromise

The client was a self-employed performing artist that also did private music lessons on the side. Though he was following his passion, his income was barely enough to cover his living expenses and he was unable to pay his IRS and state taxes. Over time he owed what seemed like an insurmountable tax debt (over $75,000!) and it would be any minute he could face a wage garnishment or empty bank account from the IRS (or state). This is when he got in touch with Dickmann Tax Group. 

Dickmann Tax Group immediately recognized the financial hardship the taxpayer was facing. They worked with him in order to bring his account into compliance (meaning no longer owing on a yearly basis), and prepared a financial hardship argument to the IRS in order to secure a tax debt settlement of $100 (yes, really $100, see the notice below). In the midst of negotiations, the pandemic hit, and the shut down. As a performing artist the client was left without a means of earning income. This further exacerbated his financial hardship, and he, like several others, was reliant on unemployment benefits as a means of financial survival. 

While in negotiations with the IRS, the examining officer tried to claim that the unemployment benefits were an asset to the taxpayer, and denied the settlement proposal. Dickmann Tax Group knew better, and that the IRS COULD NOT claim unemployment benefits as an asset and filed an appeal against the denial. Through their negotiation efforts, Dickmann Tax Group was able to secure an acceptance of the settlement proposal, under the original terms presented, resulting in the client paying a fraction of the debt owed (saving over $75,000). 

Tax Debt, gone.

Obviously all tax situations are different, however if you'd like to learn more then please click below to get your free report.

What Can I Settle For?
Kyle Dickmann, Dickmann Tax Group, Owner

About the Owner

Kyle founded Dickmann Tax Group in 2013 after seeing an opportunity to provide his clients with effective representation but at a price that fits within their budget. When not in office, he can usually be found spending time in the Colorado mountains with his wife Kinsey.