Offer in Compromise Accepted
The owner of a Tool & Die company hired Omni Financial after losing it’s largest customer due to Federal Tax liens. With a business liability of almost $350,000, and a personal liability of $165,000, we analyzed financial statements and advised the client to close the business and submit an Offer in Compromise personally. The personal OIC was submitted for $275 in August 2011. The initial Offer was rejected and an appeal was submitted. During this time, our client was in a car accident and his car was a total loss. Our client recieved a $10,000 insurance disbursement for the accident. Although the IRS appeals officer wanted to increase the OIC to $10,275, we were able to successfully negotiate that only $4,000 of the total disbursement be treated as a dissipated asset. After six months of negotiations with the Appeals Officer, we were able to finalize the acceptance of the Offer In Compromise for $4,275, saving our client over half a million dollars.
OMNI Financial is the leader in IRS and state back tax help services. Our tax attorneys are dedicated to finding permanent tax debt relief for you. At Omni Financial, we are proud of our track record and even more proud of the tax debt solutions we have brought to our clients. OMNI is an established, long-standing member of the Better Business Bureau, the National Association of Tax Professionals, and the National Association of Enrolled Agents. Call us today for a free tax debt consultation 1 800-540-0433.
