Offer in Compromise
Mar 01, 2016OUTCOME:
I successfully submitted an Offer in Compromise for a client where she paid $100 on a $38,000 balance due with the IRS.
Riverview, FL
Tax Lawyer at Riverview, FL
Practice Areas: Tax
OUTCOME:
I successfully submitted an Offer in Compromise for a client where she paid $100 on a $38,000 balance due with the IRS.
OUTCOME:
A client came to me with a balance due of about $35,000 stemming from a distribution he took in order to purchase a home. The sale fell through and he "rolled over" the funds back to the account but a ... day late creating a taxable event. The client miscounted the days by missing the 31st of a month in his calculation. I convinced the IRS that it wouldn't be right to tax the client on the distribution as he had in fact returned the money to the original account albeit 24 hours late. The IRS reversed the entire assessment of the tax, penalties, and interest saving the client all of his money.