He has 2.2 million reasons to be happy!
There are all kinds of tax debts out there; large, small, and sometimes they come super-sized. In the case of Steven G., he owed a whopping $2,278,000, and because the tax debt was so large and unmanageable, he just let it sit, collecting penalties and interest at alarming rates. Thankfully Steven came to his senses in time and contacted our staff of tax attorneys and tax relief professionals to help sort out the million-dollar mess. His results were so impressive, they’re featured at the end of our new high-definition TV commercial, which you can view in the right hand column of this page. But enough about commercials. How did we get him such impressive results?
The IRS had assessed the taxpayer $2,278,000 since he had not filed tax returns for several years. StopIRSDebt.com compiled all the records of account, assembled all the bookkeeping, and filed the missing years of tax returns to bring him compliant, which reduced the balance of the tax debt owed to $440,000. This initially saved the taxpayer $1,838,000. We then negotiated a small $500 partial payment plan installment agreement on the balance, allowing the statute of limitations to expire long before the balance is paid. Translation? When paid off in ten years, the $440,000 balance owed in tax debt will be discharged for only $60,000. To sweeten the pot, we also discharged the Federal Tax Lien from the taxpayer’s real estate, allowing him to sell his property. All told, he will have saved around 2.2 million in IRS tax debt!
Having a massive tax debt in the millions is thankfully not something many taxpayers will have to experience. But even if your tax debt isn’t super-sized, your tax relief results can be. Just ask Steven G.
