Partial Payment Installment Agreement Saves Client over $120,000

A sole proprietor came to Omni Financial with a 1040 liability of approximately $135,000. The client was a perfect candidate for an Offer in Compromise because he had few assets and little excess monthly income.

Omni was able to help the client get all his information together for an Offer in Compromise, which was eventually rejected. Omni was unable to appeal the rejection because the client could not make the Estimated Tax Deposit required to keep him current and compliant. He could not make the payment because he had just undergone surgery on both shoulders and was unable to work at all.

The Internal Revenue Service then began proceeding toward enforced collection by issuing final notices. Omni responded by requesting a Collection Due Process hearing for the client. At the hearing, Omni was able to get a Partial Payment Installment Agreement approved for only $200 per month on the remaining $93,200 liability.

All together, Omni saved the client approximately $120,000.

Whether it’s through an Offer in Compromise or a Partial Payment Installment Agreement, you could finally find relief from your IRS tax debt. Contact us today to find out how Omni can help you find tax relief.