01 The problem
The debt dated back to Teresa’s working years, long before she retired. Now past 65 and relying entirely on Social Security, she had no way to pay it off, and the real fear wasn’t the balance itself, it was the possibility of a garnishment cutting into her monthly benefit.
02 What Our Team Did
Attorney David Cho reviewed the case and confirmed Teresa pre-qualified for an Offer in Compromise. We immediately halted any collection activity, then built out a full financial picture on Form 433-A before moving forward with the offer.
03 Why She Qualified
Between her limited fixed income and the absence of any meaningful assets, Teresa fit squarely within the IRS’s criteria for an Offer in Compromise.
04 The Approach We Took
We built the offer around three factors working in her favor: her age, her income level, and having no assets to draw from.
05 Timeline and Outcome
Roughly six months from start to finish, collections paused, financials submitted, offer filed, and ultimately accepted. Of the $22,740.14 she owed, $21,549.46 was forgiven, leaving a final settlement of $1,190.68. The garnishment she’d been dreading never happened.