Attorney Stuart John Peterson's Legal Cases

Tax

Discharged Taxes

Oct 01, 2015

OUTCOME: $208k Tax Debt Discharged

A client contacted me to discuss a $208,000 tax debt that was haunting him after a bankruptcy filing. He had been told that his Chapter 7 bankruptcy would have discharged (forgiven) the tax debt, but t ... he IRS started sending him collection letters for the debt and that specific tax year. We obtained the account transcript and identified that the tax year should have been discharged the bankruptcy. Given this, I contacted the IRS bankruptcy division and discussed the matter with the IRS agent. They claimed that the tax return had not been filed for that tax year. I identified that it had and pointed to the date, transaction code, and specific note on the account transcript. The IRS reviewed the transcript once more and then notified us that the taxes would be discharged as there was an error on their part.

Bankruptcy and debt

Chapter 7 Bankruptcy

Aug 07, 2015

OUTCOME: $2.1 million unsecured debt discharged

This client had several successful business prior to the economic crash in 2008-2009. He attempted to resolve his debt, but was unable to begin anew. Given this, we prepared and filed a Chapter 7 bankr ... uptcy on his behalf. My client's case was under scrutiny throughout the entirety of his case given his previous income and the total debt listed in his schedules (2.1 million). We represented throughout a 2004 Examination, multiple creditor requests, and Trustee demands. However, at the end he successfully received a discharge without additional issues. This client did not have the smoothest bankruptcy, but it was successful and he was able to discharge approximately 2.1 million dollars of unsecured debt.

Tax

Established Installment Agreement

Jun 10, 2015

OUTCOME: IRS Wage Levy Released

This client had a tax liability which totalled approximately $70,00.00 and the IRS had begun levying activity against the client. They were concerned about making their ends meet with the additional le ... vying, so we reviewed their options. They wanted an immediate solution, so we proposed a "Partial Payment Installment Agreement" wherein they would pay the total tax debt based off their disposable monthly income. After a review of their finances I was able to contact the IRS and successfully set them up on a PPIA for $450.00/month. This payment fit their budget and allowed them to continue on without fear of the continuing levying activity.

Tax

Accepted Offer in Compromise (Federal)

Feb 19, 2015

OUTCOME: Client paid 10.65% of his total tax debt

My client had under withheld for years and the back taxes finally caught up to him. We prepared an Offer in Compromise for an offer which was 10.65% of his total tax debt. This offer was accepted and C ... lient finalized the offer and is now tax debt free.

Tax

Successful Offer in Compromise Appeal

Jan 29, 2015

OUTCOME: Client paid 2.83% of her total tax debt

This client had submitted an Offer in Compromise and it had been rejected. She came to me looking for assistance with the appeal. I reviweed her case and the outlying issues appears to be an issue of v ... aluatoin on several of her properties. I drafted a strategy on how to approach each property and prepared our proposal to the IRS Appeals Officer. Our approach and valuation worked great and we won the appeal Client paid only 2.83% of her $77,500.00 tax debt

Tax

Accepted Offer in Compromise (Federal)

Jan 22, 2015

OUTCOME: Client paid 1.5% of her total tax debt.

My client had underwitheld on her taxes for years during the rough economy and racked up a large tax bill totalling $50,552.69. She is currently underemployed and unable to pay the total debt, so we pr ... epared and submitted an Offer in Compromise. Her off was accepted ($755.00) and she only paid 1.5% of her total federal tax debt.

Tax

Accepted Offer in Compromise (Federal)

Oct 20, 2014

OUTCOME: Successfull offer for 1.58% of total tax debt

My client had incurred a substantial tax debt as he failed to pay his self-employment tax as he operated his business. First, we discussed how to avoid the non-payment in the future and then analyzed h ... is case to determine the best route to resolve hsi tax liability. I proposed an Offer in Compromise given that my client's income and assets allowed him to make a great offer. We submitted the offer and it was accepted. This client paid $7,198.00 to become tax debt free. This was only 1.58% of his total debt.

Stuart John Peterson's Legal Cases (7)

Discharged Taxes

Chapter 7 Bankruptcy

Established Installment Agreement

Accepted Offer in Compromise (Federal)

Successful Offer in Compromise Appeal

Accepted Offer in Compromise (Federal)

Accepted Offer in Compromise (Federal)