Client Follows Difficult Advice and Saves Nearly $200,000 in Tax Liability

After reviewing a new client’s personal and business financial dispositions, Omni encouraged him to close his business and pursue working for someone else. This was not an easy decision for the client, but after Omni explained his options he concluded shutting down would be in his best interest financially.

After the client closed his business, Omni was successful in negotiating Currently Non-Collectible status with the IRS while they solidified financials for an Offer In Compromise submission. The client’s file remained in Non-Collectible status for several years, until he finally had a stable income and was prepared to complete the Offer.

Omni’s original submission was an Offer for $18,000 on $206,000 in liability. During the negotiations with the Offer Examiner, the client had to take a pay cut to avoid losing his job due to the declining economy. Omni amended the Offer to reflect the decrease in the client’s wages and our Offer of $13,000 was finally accepted. The client is now financially responsible for only 6% of his liability and has saved $198,000 due to Omni efforts.

Wondering which tax debt solution can save you the most money with the IRS? Contact Omni Financial today for more information about our tax resolution services.