Solon M. from Connecticut

July 20th, 2011
by StopIRSDebt.com

Sales Tax Problem? Solon M. saved $119,000!

Good news, bad news.  In the case of Solon M., his company was doing well, but when it hit hard times he was unable to make the mandatory state sales tax payments due from the goods and services his businesses provided. After assessed penalties and interest, the total sales tax debt swelled to over $175,000 and an aggressive state revenue officer was threatening to shut his business down. Nervous that the company he built would be closed, Solon made a good call and contacted our firm to intercede.

StopIRSDebt.com quickly contacted the revenue officer and negotiated a reprieve on collections, giving the business breathing room. We then prepared a state Offer in Compromise which was accepted for $56,000 on the sales tax liability of $175,000. The balance was then structured for a fair repayment plan over 60 months at $942.60 per month. Total client savings: $119,000.

Solon was in a deep hole, but he made a smart move by contacting us to represent him. We stopped collections and resolved his tax debt. And that’s some good news we thought we’d share.

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