1-800-548-4639BC Tax was hired in December of 2015 by a client with a tax liability of $80,747.13. Enforced collection actions were successfully held off for over 2 years while the client filed returns and got into filing/deposit requirements compliance with the IRS. After all missing returns were filed and processed with the IRS the clients liability increased to $92,956.28. Knowing the clients asset situation and that the IRS would be very aggressive in trying to collect, BC Tax worked quickly once the missing returns were filed to get the client into a “Currently Not Collectable” status. In the end, this saved our client over $35,000.00 and preserved their 401k for retirement!
Authored by the BC Tax Insights Team, this article reflects the collective expertise and experience of our seasoned tax professionals. The Insights Team at BC Tax comprises specialists with a deep understanding of various tax scenarios and solutions. With a focus on providing informative, accurate, and practical insights, our goal is to guide readers through the complexities of taxation and financial planning. Every piece is crafted with the intent to help individuals and businesses navigate the ever-evolving world of taxes, ensuring clarity and confidence in decision-making.
