$1.7M IRS Payroll Tax Debt Settled for $65k

[et_pb_section fb_built=”1″ inner_shadow=”on” next_background_color=”#ffffff” admin_label=”Main Header” _builder_version=”4.4.3″ background_color=”rgba(15,15,15,0.75)” background_color_gradient_direction=”90deg” background_image=”http://dilucci.wpengine.com/wp-content/uploads/2020/04/close-up-of-telephone-booth-257736-1.jpg” background_blend=”multiply” custom_padding=”0px||0px||true|false” bottom_divider_style=”slant” bottom_divider_arrangement=”above_content” collapsed=”off”][et_pb_row admin_label=”Content” _builder_version=”4.4.3″ background_enable_color=”off” background_color_gradient_direction=”90deg” max_width=”747px” module_alignment=”center” custom_padding=”50px||200px||false|false”][et_pb_column type=”4_4″ _builder_version=”4.4.3″][et_pb_text admin_label=”Intro Text” _builder_version=”4.4.7″ header_font_size=”61px” header_3_font_size=”35px” text_orientation=”center” background_layout=”dark” header_font_size_tablet=”40px” header_font_size_phone=”34px” header_font_size_last_edited=”on|phone”]

$1.7M IRS Payroll Tax Debt Settled for $65k

[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”3.22″][et_pb_row _builder_version=”4.4.3″ background_color=”#ffffff” background_size=”initial” background_position=”top_left” background_repeat=”repeat” z_index=”214″ max_width=”663px” module_alignment=”center” custom_margin=”-200px||||false|false” custom_padding=”30px|30px|30px|30px|true|true” border_radii=”on|3px|3px|3px|3px” box_shadow_style=”preset1″][et_pb_column type=”4_4″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.4.3″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”]This business owner ran a profitable, electrical service contracting business in DFW. He took on a large project for new construction for the Forth Worth Independent School District. Unfortunately, the city changed the code after the majority of the work was completed. This business owner was unable to make the changes required to the code and lost the contract. He could not timely pay his business payroll taxes, resulting in cascading interest and penalties.

Payroll tax debt is NOT dischargeable in bankruptcy, so a bankruptcy firm referred us the case. The IRS was planning to submit the case to the Department of Justice to give the IRS another 20 years to chase the business owner. To avoid this outcome, we submitted a settlement offer within one week of receiving the case, successfully reducing the debt from $1.7M to $65k.[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]