Client Saves $150,000 by Entering into Currently Non-Collectable Status

A recent Omni client who ran his own home construction business took a huge hit when the real estate market fell off. Omni was able to help him quickly shut down his company, releasing the tax liability tied to the business.

The client’s personal tax problems were much more difficult to settle since the IRS had audited several tax returns and assessed large amounts of income and taxes to him personally. Even though the client fought the audit assessments, they were upheld by the IRS.

Since Omni was unable to get the taxes reaudited, they fought to place the client into Currently Non-Collectable Status. The IRS eventually agreed, saving the client approximately $150,000. Omni is still working to get the audit reconsidered and reduce the client’s state tax liability.

Currently Non Collectable Status is only available to specially qualified people. Contact Omni Financial to learn more about the tax debt relief solutions that may work for you.