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Tax News

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A client came into our office because he owed on his tax returns for 2007-2009, but had become very ill and had not filed his tax returns for 2010-2014.  He had an IRS garnishment on his only two sources of income - his sparse social security benefits and federal retirement pension.  He was living in a hospice with around the clock care and when he hired our firm he said “I am scrambling to get my affairs in order before I pass.”  Sadly three months after hiring our firm he passed away. Although our firm was disappointed his case didn’t conclude within those three months, we were happy to be able to get all four years of missing tax returns filed. We are pleased to report that his case has finally been resolved and his grieving family is finally able to move on.  We are grateful our firm has the privilege of blessing clients like this every day.

We are so happy to have settled our Yukon client's tax liability of $16,165.40 for $1,013 with the IRS today!  This deserving client is so happy and we are thrilled to have been the ones to help this single mother through this journey!  We seek to bless the lives of our clients who can't catch up on their back taxes due and find themselves sinking deeper and deeper into their tax debt.  They hire our firm to negotiate on their behalf so they can pay what they can afford with the agreement that they will be compliant going forward!

The health of our client began to deteriorate and he wanted a plan in place in case something happened. A LLC was quickly set up so ownership could transfer to his children. Shortly after, our client was placed in the hospital after his health took a turn for the worse. He passed away before receiving his settlement, but we were able to pass along the good news to his children. The IRS accepted a settlement of $24 and absolved them of the $119,293.20 in taxes they had accrued over the years, dating back to 1999!

Great job Robyn Rudd, Financial Analyst, and Chris Davis, Attorney!

We had a client who had not graduated from high school, but at some point she figured out how to set up a basic website to post coupons. Well the website she set up EXPLODED and she had brands paying her millions annually to advertise on her site. She felt very in over her head and sold the website quickly, but not before earning a significant amount of money and spending it without paying any taxes. In sum total she owed $985,487.51 in taxes, penalties, and interest. She hired our offfice and with very few assets to her name, she was a slam dunk offer!

Way to go Robyn Rudd, Financial Analyst, and Victor Stacy, Attorney!

For the next few weeks, we’re running a “Slice of Life” series where we address real-life problems our clients bring us after they’ve filed their taxes (or not). You can read Part 1 - Slice of Life: I've Been Scammed!, Part 2 - Slice of Life: I Hate Filing Quarterly, Part 3 - Slice of Life: I’m Running Scared and Part 4 - Slice of Life: I’m Confused of the series.

 

SLICE OF LIFE #5: A client calls us and says, “If I hire your office, can I get out of a bank or wage levy?”

Congratulations Nicole Bononi, Attorney, on negotiating a bank levy release! This prevented the IRS from taking our client's $6,000 in the bank, which was fully returned to the client!

Nicole Bononi

For the next few weeks, we’re running a “Slice of Life” series where we address real-life problems our clients bring us after they’ve filed their taxes (or not). You can read Part 1 - Slice of Life: I've Been Scammed!, Part 2 - Slice of Life: I Hate Filing Quarterly, and Part 3 - Slice of Life: I’m Running Scared of the series.

SLICE OF LIFE #4: A client calls us and asks, "What’s the difference between a levy and a lien?"

For the next few weeks, we’re running a “Slice of Life” series where we address real-life problems our clients bring us after they’ve filed their taxes (or not). You can read Part 1 - Slice of Life: I've Been Scammed and Part 2 - Slice of Life: I Hate Filing Quarterly of the series.

SLICE OF LIFE #3: A client calls us (usually a few weeks after Tax Day) in a huge panic. “I haven’t filed my taxes in years. I haven’t heard from the IRS, but I’m so scared that I’m going to hear from them that I’m losing sleep over it. What should I do?”

May 27, 2015

IRS HACK!

The IRS is in the national spotlight once again-we're here to keep you informed!

Criminals used an online service run by the IRS to access personal tax information from more than 100,000 taxpayers!

For the next few weeks, we're running a "Slice of Life" series where we address real-life problems our clients bring us after they've filed their taxes (or not). You can read Part 1 of the series here - Slice of Life: I've Been Scammed!

SLICE OF LIFE #2: A client calls us and says, "Why do I have to make estimated tax payments? What's the point?"