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Filing Back Taxes

Business Consulting

Payroll Tax Problems

Offer In Compromise

Payment Plans

Currently Not Collectible

State Tax Issues


Helping A Small Client With A Big Problem

Many of our clients come to the firm a complete mess. This client did not know he was not compliant and he owed over $100,000. His wife had been hiding this secret from him for nearly six years. The firm examined his payroll records. We corrected his forms and filed payroll tax forms that were accurate. The additional accuracy saved the client $60,000. This client owed back payroll taxes and back income taxes. The firm has successfully negotiated a repayment plan. The tax payer is compliant, and on a path to recovery.

We consider these cases success stories because the facts and circumstances are extremely different. We had to work to protect the taxpayer’s rights and attempt to achieve the goals of the taxpayer. Please contact us so that we can add your case to our success story list.

Installment Agreement

What do you do if you can afford to make payments, but you cannot afford to fully repay the debt you owe a taxing agency? The IRS has implemented several programs. The Offer in Compromise program might be a solution for you, but what if the client cannot qualify for an Offer in Compromise? Tax Matters Solutions recently negotiated a Partial Payment Installment Agreement for a client. The client owes over a $1 million. There are about 4 years left on the Collection Statute. The client will repay $961 per month for the next 4 years. The client settled a $1 million debt for about $50,000.

Indianapolis Man’s IRA Distribution Deals Hefty Taxes

A tax payer located near Indianapolis, Indiana was contacted by the IRS with a Proposed Assessment letter stating he owed $10,000.00 made up of Original Taxes, Penalties and Interest. The amount owed was based on the tax payer taking a distribution on his IRA to take care of a family member with health problems. He was unable to repay the distribution causing the tax liability.

The tax payer contacted the IRS where he completed a Customer Information Statement know as a (433A CIS ) over the phone with an agent. The 433A is used to determine the tax payer’s ability to pay based on assets and liabilities established in guidelines determined by the IRS. For example, credit card debt is not considered a liability. Upon completion the IRS agent informed the tax payer he was required to pay $400.00 per month until the tax debt was paid. Backing the tax payer into a corner he became very emotional “since he grossed $1600.00 a month” and took it out on the agent. At this point the tax payer lost his credibility and put the agent on the defense eliminating any chance to negotiate a different installment plan.

Tax Matters Solutions (TMS) was contacted by the tax payer who explained the case as he understood it and what he could handle financially, “$150.00 per month.” Although this may be the tax payer’s interpretation we find that this is not always the case in the eyes of the IRS. Through our setup process we learn what the IRS sees as the truth. Understanding this and what the tax payer can handle financially we formulate a plan to ultimately resolute the situation for both parties.

One of TMS’ representatives contacted the IRS and reviewed the CIS prepared earlier. This process uncovered expenses, for example “auto expenses”, that were not accounted for during the interview process inflating the monthly installment that the tax payer would have to pay. TMS simply asked for the national standard for the expenses that were not accounted for, which the IRS granted. TMS then negotiated a monthly payment plan of $150.00 per month until paid. The solution was presented to the tax payer which he agreed to, resolving the case. •

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