Resolution Success Stories

Settling an IRS Debt of $700,000 for $21,000. Fantasy or Reality?


A client of ours in Texas, a medical professional, just got an Offer in Compromise accepted of $21,000 on $700,000 owed. How did he/we do it?

* Well, he was current on his 2015 estimated taxes.
* His disposable income clearly wouldn't pay the taxes before the last debts expired which was the year 2024 or eight years from now (96 months).
* In other words, he had about $1303 in "allowed disposable income" which would not come close to paying the debt (96 months x 1303 = $125,000).
* He had no significant assets minus bank accounts and household goods.
* He hired Washington Tax Services - a serious staff of tax professionals who are rigorous and relentless at getting our client's cases resolved with the IRS or State.

Is 2024 the year to solve your tax issue? WATAX is ready to assist you now. Please call us at 1-888-282-4697 or email us a description of your tax issue and we'll contact you promptly.

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