Client was a victim of fraudulent filings by his wife. Unknown to the client, wife filed fraudulent returns for 2005, 2006 and 2007 claiming an OID (Original Issue Discount) which resulted in significant refunds. Due to wife’s filing these fraudulent returns, the IRS assessed both husband and wife separately with approximately $29,000 in penalties.
RESULT: Top Tax Defenders was able to get the penalties against the husband removed and able to unfreeze refunds due to husband.
At the time when taxpayer engaged Top Tax he owed $23,591 due to substitute returns filed for him by the IRS and a recurring wage levy.
RESULT: Within one week we completed 10 years of returns which resulted in the client only owing approximately $3000. Also within one week, we successfully released taxpayer’s wage levy.
Taxpayer owed the IRS $13,038 when he joined with Top Tax Defenders. Due to taxpayer’s medical issues.
RESULT: Top Tax was able to obtain currently uncollectable status. In 2013, the IRS discontinued the taxpayer’s uncollectable status due to the taxpayer selling a property in which his equity was $100,000. Top Tax at this point was able to remove all accruing penalties on his account for the amount of $2840.68 and set taxpayer up on a full pay with the IRS.
Taxpayer came to Top Tax Defenders owing the IRS $206,258 for five years. Top Tax completed a financial analysis and submitted an offer in compromise for $15,850.
RESULT: The IRS accepted the offer in compromise resulting in saving the taxpayer $190,408.
Mark G. came to us with a balance of $36,901. Initially, he did not qualify for an offer in compromise (settlement). But after further discussion, Top Tax and Mark formulated a plan where he would qualify in a couple of months.
RESULT: Top Tax submitted an offer for $600 and after a few weeks of negotiations was able to get the offer accepted, resulting in saving Mark $36,301.
Client came to us with 5 years of unfiled tax returns. They owed over $125k and were currently being regularly contacted by an IRS revenue officer. Top Tax filed all of the missing returns for the client and handled communication with the IRS.
RESULT: After all tax returns were filed and processed, the cilent owed only $4,400 of the total $125k.
|Offer in Compromise||Tax Owed||Amount Paid|
|J. Santos & Maria||$100,886.64||$500.00|
|Mark & Patricia||$151,065.56||$65,876.00|
|Ronald & Linda||$28,352.28||$500.00|
|Larry & Kimberly||$230,399.78||$5,570.00|
|Audit Resolution||Tax Owed||Amount Paid|
The new presidential administration has many small business owners wondering what to expect when filing taxes this year. You can prepare for filing...Read more