Did he really save $383,916?
Yes, he really did. And then some. Arthur D. had ignored his tax obligations for over ten years when he contacted our firm, and had been at the receiving end of a tough revenue officer demanding repayment. The problem was that after each year his returns had gone un-filed, the IRS had filed a return for him called an SFR (Substitute for Return), and each return allowed for zero deductions, which inflated the amount Arthur owed immensely. The total amount due was in the stratosphere, $453,516, and Arthur couldn’t afford to repay it. So, what did we do to save him that much money?
StopIRSDebt.com immediately filed 10 years of federal and state tax returns for the taxpayer, which not only reduced the amount owed substantially as we itemized each deduction for each year offsetting the reported income, it also got us in good standing with the revenue officer and collections against Arthur were frozen. We then negotiated a partial pay Installment Agreement on the remaining balance in the amount of $580 per month. The taxpayer will only pay back the IRS $69,600 for a period of 10 years that is left in the statute. All told, Arthur will save about $383,916 PLUS future penalties and interest.
A $453,516 tax bill isn’t something anyone would be excited to be on the tail end of. Thankfully for Arthur D., he was also on the receiving end of $383,916 in savings, which is something he did get excited about.
