5 Signs Your Business Is Heading Toward Debt
December 17, 2024
Running a business is rewarding, but it’s not without its challenges. One of the most significant hurdles is managing finances effectively. Debt can be a useful tool for growth, but when mismanaged, it can spiral out of control, putting your business at risk. Recognizing the warning signs early can help you course-correct and avoid financial…
$21,087 Tax Debt Resolved With Streamlined Installment Agreement
December 11, 2024
SITUATION: A client was facing significant issues with the IRS due to a defaulted installment agreement. The client owed $21,087 for multiple tax years and was at risk of impending collection actions. The situation required immediate intervention to prevent further collection activity and to find a manageable solution. INVESTIGATION PHASE: Upon receiving the case, our…
$21,000 Tax Debt Resolved With Streamlined Installment Agreement And Penalty Abatement
December 11, 2024
SITUATION:
A taxpayer approached us with a manageable IRS tax debt of $21,000. They were proactive about resolving their debt and sought an affordable monthly payment plan. There was no significant hardship in this case; the taxpayer simply wanted to find a reasonable solution to pay off the debt without incurring additional penalties or financial…
$397,610 IRS Tax Debt Placed In Currently Not Collectible Status
December 11, 2024
SITUATION:
An elderly individual, facing severe illness, approached us with an overwhelming IRS tax debt of $397,610. They were under aggressive collection actions, with the IRS threatening to levy their bank accounts and other assets. Due to limited income and deteriorating health, they had no feasible way to repay the deb
Tax Debt Of $23,656 Reduced By Correctly Filing Tax Return And Setting Up Installment Agreement
December 11, 2024
SITUATION: A couple reached out to us with an IRS balance of $23,656 accumulated over several years. They had not filed several tax returns and were unsure how to address the mounting debt. The IRS was threatening enforcement actions, and they needed assistance to become compliant and manage their debt effectively. INVESTIGATION PHASE: To initiate…
