TaxRise resolves a transportation company owner’s tax liability through a Currently Not Collectible status.
Dolton, Illinois | February 2025 – Randy built a successful delivery service specializing in medical and janitorial supplies. However, his business success was threatened when misfiled income tax returns spiraled into a massive crisis.
After an IRS audit of his 2019-2022 tax returns, which had been prepared by a previous tax preparer, Randy’s initial $41,000 tax debt exploded to a staggering $2,046,690.32.
This 7-figure liability would become an uphill battle, threatening his delivery business and leaving him with limited options. However, TaxRise’s expertise and smooth negotiations would completely turn his situation around.
A Financial Crisis
As a result of misfiled tax returns, Randy’s $2 million tax burden grew over the years due to compounding IRS penalties and interest. This situation reached a critical point when a Revenue Officer was assigned to his case. The Officer quickly placed levies on both his personal and business accounts, seizing $30,000 from his checking account.
With his credit card declined and accounts frozen, Randy faced a nightmare dilemma. He was unable to pay his drivers and keep his supply deliveries running. The stakes could not have been higher – not just for Randy, but for all the employees who depended on him and the businesses counting on his deliveries.
TaxRise’s Resolution Strategy
Randy reached out to several tax professionals for help, but no one wanted to take the time to correct his previous tax preparer’s mistakes. After several phone calls – he found Taxrise.
Our tax professionals immediately began working to restore Randy’s tax compliance. We started by amending his tax returns for 2019-2021 and properly preparing his 2022 returns. Through persistent negotiation with the IRS Revenue Officer, our team was able to prove Randy’s genuine commitment to resolving his tax issues. Soon after, his business account was released, allowing him to maintain operations while working toward a permanent solution.
“They freed up my business account to allow me to continue paying my drivers and keep my business running,” Randy later commented.
The real breakthrough came just before the holidays. By meticulously documenting Randy’s financial situation, our team successfully achieved a Currently Not Collectible status. This meant immediate relief from his $2,046,690.32 tax burden, allowing him to keep his business running while getting back on track with his tax obligations.
“This [tax debt] was a huge monkey on my back, and right before the holidays, receiving this news made my holiday so much better.”
The End Result
Randy’s story transformed from a potential business disaster to an impressive comeback, demonstrating how even the most daunting tax challenges can be overcome – with the right tax professional by your side.
“It’s so hard to go up against the IRS. I have one word for you guys: Legendary,” Randy proclaimed.
Looking ahead, Randy is focused on maintaining tax compliance and continuing to focus on his business, now freed from the weight of overwhelming tax debt. Per his agreement with the IRS, as long as he remains compliant and pays off any future tax balances, his debt will expire.
His journey from facing a $2,046,690.32 tax burden to achieving CNC status is a powerful reminder that even in the most challenging financial situations, there’s always a path forward.
See Randy’s accepted CNC status below! Be the next success story. Take our survey to see if you qualify for the Fresh Start program.
