IRS agrees to settle $250,000 tax debt for $17,000

Our client was receiving bills from the IRS for over $250,000 from a failed business venture. He was experiencing severe health issues that were being made worse from the stress of IRS letters.

We prepared a detailed packet for the IRS and proposed to settle this bill for what we believed the real collection potential to be of $1,000. After discussions with the IRS and while preparing to file an appeal, we were able to settle the tax debt for $17,000 and allow our client to move on with his life.