Below you will find some of the sample IRS problem cases:
(These are actual tax relief cases and since each case is unique, your case may have more or less favorable results depending on the circumstances)
CASE #1
A corporation owed the IRS $3 Million in back taxes. In order to collect the IRS put a levy on its bank accounts. As a result the corporation had a problem of not meeting payroll or accounts payable payments. After several conversations with the IRS the levy was immediately lifted, and after further extensive negotiations the $3 Million debt was settled for less than half the amount.
CASE #2
After going through a long, costly divorce, a middle-aged man owed the IRS about $30,000 for the taxes that he had not paid for the 3 previous years. Since he was able to show that his current income left him very little after supporting himself and his ex-wife, the IRS settled his entire tax debt with $1,700 one lump-sum payment.
CASE #3
Due to illnesses and family emergencies, an elderly couple owed the IRS about $50,000. Since they were both retired and their income was modest, they offered $5,000 to settle their tax debts. The IRS accepted the $5,000 offer, allowed the couple to keep their home and wiped out the $50,000 tax liability.
CASE #4
A former professional athlete owed the IRS over $100,000. For 10 years, the IRS levied his bank accounts and income. However after a successful mediation, the levy was lifted and the $100,000 balance was settled for approximately $20,000. In addition the former athlete was now allowed to collect all his royalties without any IRS levies.
CASE #5
A couple still owed $2,000 in back taxes after paying the IRS $20,000, much of it being Penalties and Interest. When the IRS saw that they had extenuating circumstances that prevented them from paying the taxes on time, it forgave the couple for the Penalties and Interest. The couple no longer had to pay the $2,000 balance and in 4 weeks, received a refund check for $3,500 from the IRS.
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