College Park, Georgia – The team at TaxRise successfully reduced a bartender’s debt and released her from the lien on her property.
Marguerite Spears is a bartender from Georgia. Like plenty of other Americans, she made several mistakes while filing her taxes.
However, the IRS is always eager to collect from taxpayers and equally quick to hand out penalties.
At 74,954 pages long, the US tax code is perhaps the most complicated in the world.
Marguerite, a W-2 Wage Earner, didn’t take out enough taxes throughout the year, and as a result, she owed significantly more tax than expected. After multiple years of this, she began to accrue a sizable debt of $15,315.
TaxRise’s Resolution Strategy
TaxRise received Marguerite’s case at the height of the pandemic lockdown. Consequently, negotiating with the IRS was a slow and arduous process.
However, our tax experts weren’t going to sit idle; we got to work right away. When TaxRise prepares a client’s case for the IRS examination, we make sure that the case is as strong as possible. To build a strong case, we oftentimes require lots of documentation from our clients.
The professionals at TaxRise made themselves busy by cross-referencing all the important documents and analyzing Marguerite’s case to determine which relief program was the best fit for her financial situation.
TaxRise used Marguerite’s financial documents to create the most optimal case possible.
Like many of our clients, Marguerite was understandably frustrated with how long the tax resolution process was taking.
Nevertheless, she was cooperative and instrumental in creating an ideal case to present before the IRS.
As we neared the end of our process, two misfortunes struck Marguerite. First, the IRS placed a lien on her property. Second, she was hospitalized. Despite these setbacks, TaxRise was able to use Marguerite’s hardships to strengthen her case before the IRS.
The End Result
TaxRise was able to negotiate with the IRS and settle Marguerite’s $15,315 debt for $500 – a savings of over 96.8%. Additionally, the lien on her property was lifted.
See Marguerite’s signed Offer in Compromise Below!
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