Taxpayer in California - Offer in Compromise
Mar 27, 2013OUTCOME: The IRS accepted $200.00 to settle the Trust Fund Recovery Penalty
Taxpayer owed $25,000 in Trust Fund Recovery Penalties.
Steven S Chung's Legal Cases (19)
Cerritos, CA
Tax Lawyer at Cerritos, CA
Practice Areas: Tax, Immigration, Business
Taxpayer in California - Offer in Compromise
Mar 07, 2013OUTCOME: The IRS accepted $100.00 to settle the outstanding tax debt.
Client owed $9,500 in back taxes.
Taxpayer in Florida - IRS Audit
Jan 01, 2011OUTCOME: Client's tax liability was reduced to $80,000.
The client was a local professional poker player who was being audited by the IRS. Due to initial nonresponsiveness, the IRS proposed an assessment of $170,000. The taxpayer had little records.
Client in Arizona - Settled combined federal and state tax debt for 20% of value.
Mar 01, 2009OUTCOME: Tax delinquency reduced from $156,294 to $31,200.
Client owed total of $156,294 to both the Internal Revenue Service and the State of Arizona. After over one year of negotiations, the client settled the debt for approximately $31,200 or 20% of the val ... ue of the debt.
Taxpayer in Ohio - Offer in Compromise
Jan 01, 2009OUTCOME: The IRS offered to settle $3.8 million tax debt for $270,000.
In the mid-1990's, the IRS audited the taxpayer where she was eventually found liable for over $1,000,000 in taxes and penalties in connection with sham trusts. In 2007, the liability was increased to ... $3.2 million.
Taxpayer in Seattle - Offer in Compromise
Mar 14, 2008OUTCOME: The tax liaiblity was settled for $5,000 through an offer in compromise.
Clients owed over $70,000 to the IRS due to back taxes and were subject to a wage garnishment. The wage garnishment was released and the delinquency was eventually settled.
Taxpayer in New York - Offer in Compromise
Jan 01, 2008OUTCOME: The IRS accepted $50.00 to settle the outstanding tax debt.
Taxpayer was a senior citizen with no assets, pension income and a terminal disease. The taxpayer had a $17,000 tax liability with the IRS.
Taxpayer in Georgia - Erroneous Tax Assessment
Jan 01, 2007OUTCOME: Reduced tax liability from $1.5 million to $140,000
The IRS sent the taxpayer a bill for approximately $1.5 million due to a clerical error in her Form W-2. I was able to clear up the error after reopening her case with the IRS.
Settled $125,000 Colorado Employment Tax Debt and Trust Fund Recovery Penalty for $25,000.
N/AOUTCOME: Tax debt was settled for 20% of outstanding liability.
Client in Colorado had total Trust Fund Recovery Tax debt of over $125,000 which is nondischargeable in bankruptcy. Case was assigned to a revenue officer which issued a levy against one of his largest ... clients. After contacting me, I got the levy released and the revenue officer stopped collection action. A few years later, we submitted an offer in compromise and a settlement for $25,000 was achieved.
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