Omni Helps Business Owner Release Liens and Save $93,000
The owner of a plumbing company came to Omni Financial with a tax liability of approximately $95,000. He had previously tried to submit his own Offer In Compromise for $40,000, but got rejected.
Omni helped him close his business and open a new one, so he could start fresh with the IRS. They helped him assemble a detailed list of the company’s assets with a corresponding fair market value so he could submit a Certificate of Discharge to release the tax liens. Omni was then able to submit a request for Certificate of Discharge in the amount of $9,000, which was the total fair market value of his assets.
After months of negotiation with the IRS Certificate of Discharge unit, the Certificate was accepted. The amount of tax liability at the time of approval had climbed to $105,000 so with the acceptance of the Certificate of Discharge, Omni was able to save the client approximately $93,000.
Get more information about how you could save money by settling your back taxes.
