01 The problem
When Jose started his business, he didn’t set up estimated quarterly tax payments, a step new business owners routinely miss once they’re no longer having taxes withheld from a paycheck. Without that cushion, the liability climbed steadily until it hit $52,000.
02 The resolution
Our team compiled a full financial disclosure on Form 433-A, laying out Jose’s cost of living, business income, and limited assets to show the IRS that paying the balance in full wasn’t realistic. That documentation formed the basis of an Offer in Compromise.
03 The result
The IRS accepted the offer, cutting $51,000 from the $52,000 balance, a reduction of roughly 98%, leaving Jose with only a fraction of the original debt.