Omni Financial hired to assist with an Offer in Compromise
A business owner, who hired Omni Financial to assist with an Offer in Compromise, came on board with sole proprietorship and personal tax liability of $470,000. Unfortunately, Omni was unable to get the IRS to accept the Offer in Compromise, as their counter offer was too high.
Omni then advised the client to take advantage of a part-pay installment agreement. They proposed an installment agreement of $250 per month for 12 months so the client could get expenses under control.
After two months of discussions with the IRS Revenue Officer, Omni was able to successfully negotiate the installment agreement of $250 per month on the personal tax liability, and place the sole proprietorship liability into uncollectible status. This saved the client approximately $443,000 over the life of the collection statute.
To learn which tax relief solution is right for you, contact Omni Financial today.
