Small Business in Chicago Brought Back into Compliance with the IRS

Online, July 16, 2013 (Newswire.com) - A small business owner in Chicago, Illinois was able to get back into compliance and achieve an affordable installment agreement of $328 per month for a tax debt of $46,000 with the help of the 20/20 Tax Resolution team.

When the small business owner first contacted 20/20 Tax Resolutions, the business owed more than $46,000 in taxes due to a number of missing tax returns. In addition, the business had received a Final Notice of Intent to Levy from the IRS and was about to have all of its assets seized by the IRS in order to satisfy the tax debt. The 20/20 Tax Resolution team immediately filed an appeal to the Final Notice of Intent to Levy to prevent the client's assets from being seized as they worked to get their client back into compliance with the IRS.

From the beginning, this case was challenging. Not only did the team have to work with the client to get all of the missing tax returns filed, but also there were two IRS Revenue Officers assigned to the case. An initial Installment Agreement was eventually negotiated for $1,100 per month; however, the client wasn't able to afford the payments and a second installment agreement needed to be negotiated. The team had difficulties with the first Revenue Officer who would not return phone calls or document the installment agreements. Eventually a second Revenue Officer was assigned to the case and the 20/20 Tax Resolution team was able to negotiate an installment agreement of $328 per month, which the client could afford.

Along with protecting their client's assets while they negotiated an affordable installment agreement, the 20/20 Tax Resolution team also worked to help their client understand what caused their tax issues. The 20/20 team worked to educate their client on Federal Tax Deposit requirements in order to keep the client in compliance with the IRS and avoid similar tax issues in the future.

For more than 15 years, 20/20 Tax Resolution and its staff of experienced agents and licensed tax professionals have put their extensive knowledge and expertise to work for individuals and businesses facing seemingly insurmountable tax debt. By providing caring and compassionate solutions for their clients, they have been able to resolve more than 15,000 tax debt issues and help bring their clients back into compliance with the IRS. 20/20 Tax Resolution is a privately-held company located in Broomfield, CO. For more information on 20/20 Tax Resolution, please call 1-800-880-7318 or visit http://www.2020taxdebthelp.com.

Contact:
Marissa Loken
11800 Ridge Parkway, Suite #400
Broomfield Colorado, 80021
800-880-7318
http://2020taxdebthelp.com