Colorado Springs, CO (PRWEB) July 03, 2013
A construction company in Colorado Springs with an outstanding tax debt of $32,000 was on the verge of being put into collections by the IRS. With the help of the 20/20 Tax Resolution team the business owner avoided collections, was put on an installment agreement they could afford, and was brought back into compliance with the IRS.
When the business owner first contacted 20/20 Tax Resolution, the business had unpaid taxes of $32,000 and was facing IRS collections. Unable to pay the debt the business owner contacted 20/20 Tax Resolution for help. The 20/20 team went to work immediately and contacted the Revenue Officer assigned to the case. Surprisingly the IRS had requested an in-person meeting with the small business owner and were threatening to put the client in collections. The Revenue Officer, however, had worked with the 20/20 Tax Resolution team on several previous cases. As a result, the Revenue Officer was willing to work favorably with the 20/20 Tax Resolution team to resolve the tax debt.
The team was able to get the Revenue Officer to extend the deadlines and allow the client and the team to put together the needed paperwork and avoid the tax debt being turned over to collections. The 20/20 Tax Resolution team was also able to convince the Revenue Officer that the client didn’t need to attend a face-to-face meeting with the Revenue Officer.
After reviewing the client’s financial situation, it was determined that the business could only afford to pay $200 a month on the tax debt. The team submitted this proposal to the Revenue Officer but the proposal was rejected due to the fact that this would only pay off a total of $24,000 and not the entire $32,000 owed. The 20/20 Tax Resolution team continued to negotiate with the Revenue Officer and provided financial statements that supported their claims that the business could only afford to pay $200 a month on the debt. After a lengthy negotiation process the Revenue Officer accepted the team’s proposal. The client is able to afford the $200 a month partial payment plan and get back into compliance with the IRS, saving more than $6,000 over the lifetime of the debt.
For more than 15 years, 20/20 Tax Resolution and its staff of experienced agents and licensed tax professionals have put their extensive knowledge and expertise to work for individuals and businesses facing seemingly insurmountable tax debt. By providing caring and compassionate solutions for their clients, they have been able to resolve more than 15,000 tax debt issues and help bring their clients back into compliance with the IRS. 20/20 Tax Resolution is a privately-held company located in Broomfield, CO. For more information on 20/20 Tax Resolution, please call 1-800-880-7318 or visit http://www.2020taxdebthelp.com.