Retired New Yorker Settles $187,000 IRS Debt for $100

Retired New Yorker Settles $187,000 IRS Debt for $100

SITUATION:

A retired woman from New York faced more than $187,000 in IRS debt, along with over $100,000 in state tax obligations. With her accounts garnished and financial stress mounting, she sought a solution to regain financial stability.

INVESTIGATION PHASE:

Upon taking the case, we carefully reviewed her income, assets, and financial obligations to determine the best resolution strategy. Her modest retirement income highlighted clear financial hardship, making negotiation essential.

Key actions included:

  • Comprehensive Financial Review: Evaluated retirement income, debts, and assets to determine eligibility for relief programs.
  • Negotiation Strategy: Built a plan to present a strong settlement offer to the IRS.
  • Documentation Preparation: Compiled detailed financial documentation to prove inability to pay the full balance.

Throughout the process, the client was kept fully informed about progress and next steps.

COMPLIANCE PHASE:

The client’s tax filings were already up-to-date, so efforts focused on verifying financial documents and confirming eligibility for settlement.

RESOLUTION PHASE:

After nearly one year of negotiations, we successfully reduced her IRS debt from $187,000 to just $100.

  • Total Amount Owed: $187,000
  • Resolution: IRS Negotiation & Settlement
  • Settled Amount: $100
  • Phases Worked: Investigation & Resolution

This resolution lifted a massive financial burden, allowing the client to focus on her retirement without the fear of collections. She gained peace of mind and freedom from years of overwhelming tax debt.

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DISCLAIMER:
This example reflects a real client outcome. Every case is unique, and results may vary. Enrollment in our program does not guarantee a similar resolution. Our experienced tax team—which includes former IRS employees, enrolled agents, tax attorneys, and CPAs—works diligently to achieve the best possible outcome for each client. Our goal is to ensure you pay the lowest amount legally required based on your individual circumstances, finances, and allowable deductio