Over One Million Saved in Tax Debt

This is a great story as many years and hard work have gone into the negotiations for both this healthcare company and the owner personally. This client came to Omni with a back tax debt of $1.5 million. The facts of the case are as follows:

- Omni Financial's staff successfully negotiated a penalty abatement of around $700,000.

- Omni also negotiated the non-assertion of the Trust Fund to the owner of approximately $800,000.

- An "In-Business" Offer and Compromise was submitted and although it was not accepted, two good things came out of this. (1) The settlement officer assigned to the appeal request on the rejected offer was in agreement that our client should qualify for a payment agreement and (2) the Assessment Statute Expiration Date ran on approximately $675,000 of the Trust Fund Tax.

- When the case went back to the field and was assigned to a different Revenue Officer, he was somewhat aggressive, however Omni's staff was able to negotiate the following with him:

1) Our client had $300,000 in a bank account that was designated for payment to the IRS. Omni was able to negotiate paying off the remaining Trust Fund of $125,000, and keeping the remaining $175,000 due to bad economic times in California.

2) An additional $30,000 in penalties were abated

3) A partial-payment installment agreement was set up for $1032 per month, which means that our client will pay approximately $90,000 on a liability that was originally over $1 million.