Dec 13, 2016

A Recent Client Quote


 “I can’t thank Clear Creek enough.  Just when I was about to give up hope that this would all be behind me I get this news just before Christmas.  Thank you! Thank you! Thank you!” – H.B., Oxnard, CA

A Recent Offer In Compromise Accepted


An individual in Oxnard, California hired Clear Creek to negotiate a ‘Hold on Enforced Collections’ and Partial Pay Installment Agreement.  Our client had accrued a little more than $45,000 in principal tax, penalties, and interest between 2001 and 2008. With his health deteriorating due to macular degeneration and glaucoma, and with two surgeries upcoming which will render him blind and disabled, our client agreed to pursue an Offer in Compromise to settle the outstanding liabilities. The Associate was able to demonstrate that our client had no means by which to pay the outstanding liability and an Offer of $300 was submitted in January 2016. His low income, plus his health conditions, indicated that the future collection potential would not satisfy the balance owed.  As such, the IRS submitted a counter offer of $486 which was agreed upon by our client.  Our client will realize a 99% savings of the total liability.    

A Recent Partial Pay Installment Agreement Accepted

A small business owner in Maspeth, New York hired Clear Creek to manage personal liabilities of over $38,000 for outstanding Individual Income Tax due to the Internal Revenue Service stemming from her Sole Proprietorship. The Associate assigned to the case discovered that due to our client’s income, negotiating for a Partial Pay Installment Agreement would allow our client to only pay a portion of the balance due to the Internal Revenue Service. The Associate then gathered accurate financial information and documentation from our client and entered into active negotiations with Internal Revenue Service. After weeks of negotiation, the Associate negotiated the acceptance of a Partial Pay Installment Agreement whereby our client is required to make payments of $50 per month until the collection statute expires, thus leaving our client with a total payment of $4,200 once the collection statue expires, creating a savings of approximately $33,800.

A Recent Installment Agreement Accepted


Client came onboard with liability owed to the IRS and State as well as active enforcement taking place. We were able to negotiate holds on both accounts, gather financial information and negotiate Installment Agreements for both IRS and State within the first 30 days of the client being onboard. For the $80,000 IRS tax debt, we negotiated an $1,800 per month Installment Agreement and for the $40,000 State tax debt, we negotiated a $500 per month Installment Agreement. Our client is happy and hiring us to handle some additional liabilities that their bankruptcy attorney has been unable to handle.

A Recent Partial Pay Installment Agreement Accepted


Our client hired us in December of 2015, after 7 years and $40,000 paid to a larger Tax Resolution firm located in Broomfield, Colorado.  Our client’s biggest issue was the inability to get into a payment agreement because of new Form 941: Federal Withholding Tax Liabilities constantly accruing. Within a few days we were able to get the Revenue Officer to agree to a Partial Pay Installment Agreement of $500.00 per month. This was all pending the filing of the 3rd Quarter Form 941: Federal Withholding Tax Return, sending the Revenue Officer proof of 3rd Quarter Federal Tax Deposits, and continuing to send in the 4th Quarter Federal Tax Deposits as they are made. The Associate was able to buy time for our client to catch up on her 3rd Quarter payments, and was able to forward proof of payments to the Revenue Officer.  The Associate was also able to secure a ‘Hold on Collection Enforcement’ while the Installment Agreement goes to a manager for approval. When we send in 4th Quarter Form 941: Federal Withholding Tax Return on time, and send proof of Federal Tax Deposits, the PPIA will be accepted.  Our client currently owes about $150,000 and will end up paying roughly $500 per month for the remainder of the statutes on the balances due. This will be a maximum of 120 months (10 years), and would equal a total of $60,000 to be paid towards resolution of this debt.  This will result in a savings of roughly $90,000 before we submit our Penalty Abatement Narrative.

A Recent Status 53 Accepted


An individual in Buchanan, Tennessee hired Clear Creek to manage a $65,000 liability owed to the Internal Revenue Service. Clear Creek worked through a financial form with our client and proposed a Status 53 proposal to the Internal Revenue Service. This was done to protect our client from any Enforcement Collection action while the Assessment dates were running. The oldest period of tax liability was for the year 2004. As of November 6, 2016 the Assessment of 2004 has now fallen off the account. This ultimately allowed our client to walk away from $51,151.61 in tax liability. Now our client is updating a financial form again and will be placed on a very small and manageable payment plan. 

A Recent 'Currently Non-Colllectible' Status Accepted


An individual in Bay Shore, New York, hired Clear Creek to manage a business liability with the Internal Revenue Service for more than $13,000. During our research and work on the account, we learned that our client had already been assessed the Trust Fund Recovery Penalty for several periods and the business in question was now closed. We placed the business account into ‘Currently Not Collectible’ and began looking into our client’s personal balances with the IRS. We learned that our client owed approximately $117,000 in 1040 and Trust Fund Recovery Penalty balances and actively worked with the Revenue Officer who was assigned. Our client had communicated a desire to the Revenue Officer for an Offer In Compromise resolution but through our investigation of our client’s financial situation, we learned that there was far too much equity in the home, and a payment plan or status 53, would be in our client’s best interest. We worked hard to provide proof of all allowable expenses as the Revenue Officer rejected thousands of dollars in credit card debts. The Revenue Officer was also concerned with our client’s three previous defaulted Installment Agreements and as a result, set hard-to-meet deadlines requesting years of information and proof of expenses. During this time, we kept our client protected against bank account levies by filing a CDP request in response to a Final Notice of Intent to Levy. We met all 9297 deadlines and negotiated down from the $500 ability to pay to an agreement to place the personal account in ‘Currently Not Collectible’ on October 27, 2016.

Recent Status 53 Accepted


A family owned construction business in Pennsylvania hired Clear Creek to formalize a resolution with the Internal Revenue Service. The mother along with her three sons were all assessed Trust Fund Recovery Penalty and their other business was assessed as an Alter Ego / successor entity to the first business (an additional $1.5 million collections case with the Internal Revenue Service). After extensive negations and Appeals Hearings with the Internal Revenue Service, Clear Creek was finally able to close out all filing requirements and put both the business entities into Status-53- Currently Non-Collectable with the Internal Revenue Service. The first business entity was closed as a defunct business entity, and the successor entity’s current outstanding liability was resolved after asset transfers were addressed and valuations were negotiated, resulting in no payments to the Internal Revenue Service from our clients. During the six years of negotiations with the Internal Revenue Service, neither of the business entities nor the corporate officers of the business had to pay any funds to the Internal Revenue Service. All parties were protected from all enforced collection activity for the entire time we represented them. Now that both business entities collections cases are resolved, Clear Creek can move forward with the resolution of the corporate officers’ personal cases, which will be as successful as our resolutions with the original business entities.   

Recent Status 53 Accepted

A gynecologist in Miami, Florida hired Clear Creek to manage a liability of $200,000 owed to the Internal Revenue Service for past due Individual Income and Trust Fund taxes. The Associate assigned to the case was able to negotiate a ‘Stay on Enforced Collections’ to protect our client’s assets while compiling all of the outstanding tax returns and the requested financial documents. Upon receipt of the financial documents, the Associate analyzed our client’s financial condition and determined that ‘Currently Non Collectable’ status would be the best possible resolution, as the Collection Statutes Expiration Dates were set to run in two years. The Associate then prepared and submitted all of the applicable documentation with a proposed Non Collectable request. The Associate negotiated for the acceptance of the proposed resolution. Clear Creek then monitored the account every few months until the Collection Statutes Expiration Dates expired, resulting in a savings of $150,000. The remaining balances will be resolved through an Offer in Compromise.

Nov 29, 2016

Recently Accepted Penalty Abatement Request (State of Texas)

A business located in Houston, Texas hired Clear Creek to draft and submit a Penalty Abatement request to the Texas Comptroller of Public Accounts. Our client had accrued and paid off a little over $100,000 in state liabilities which included principal tax, penalties, and interest due to the fraudulent activity of one of the co-owners of the business. The Associate was able to demonstrate that the liabilities were the result of fraud, and investigations by both the FBI and SEC are ongoing. As such, our request to abate all penalties and interest that accrued between 2013 and 2015 was accepted. Our client has received a refund check totaling more than $12,000.

A Recent Partial Payment Installment Agreement Accepted

A business in Anderson, Indiana, hired Clear Creek to assist in resolving a debt of approximately $235,000 owed to the IRS. The Associate assigned to the case was able to request a file transfer to a revenue officer to expedite the resolution of the case, and simultaneously worked with our client to prepare and submit a financial statement with a proposal for a Partial Pay Installment Agreement. Upon assignment to the case, the Revenue Officer immediately issued a Final Notice of Intent to Levy. Clear Creek successfully submitted a Request for a Collection Due Process Hearing in response. The Associate and his team were then able to successfully negotiate the requested Partial Pay Installment Agreement for $800 per month. This accepted payment arrangement will save our client approximately $155,000.

Recent Offer in Compromise Accepted

An individual from Desert Hot Springs, California hired Clear Creek to manage a Federal tax liability of $1,500,000 for past due Individual Income taxes. The Associate assigned to the case was able to negotiate a ‘Stay on Enforced Collections’ to protect our client’s assets while compiling all of the requested financial documents. Upon receipt of the financial documents, the Associate analyzed our client’s financial condition and determined that an Offer in Compromise would be the best possible resolution for the Internal Revenue Service. The Associate then prepared and submitted all of the applicable documentation with a proposed Offer amount of $5,554. We then monitored the progression of the case and were able to conduct a hearing with the assigned Offer Examiner. The Offer Examiner assigned to the account initially denied the Offer in Compromise, due to equity in assets. However, we were able to provide documentation to verify the inability to obtain lending and support all expenses claimed on the financial statement. Based on the additional information provided, the original Offer in Compromise figure was accepted. This resulted in a savings of $1,494,445 for our client.

Recent Offer in Compromise Accepted

A taxpayer in Houston, Texas hired Clear Creek to resolve a personal tax liability of $84,000 with the Internal Revenue Service. After a thorough review of our client’s financial statements, the Associate assigned to the case determined that an Offer in Compromise was the best option for our client. The team quickly negotiated a ‘Hold on Enforced Collection’ action to allow time for our client to gather the requisite documentation necessary to submit the Offer. The Associate reviewed the personal financial information and submitted a proposal for $714. After extensive negotiations with the Offer Examiner, the Associate was successful in negotiating a tax settlement for $714. Due to the acceptance of the Offer in Compromise, our client will save over $83,000.

Recent Offer in Compromise Accepted

An individual in Portage, Indiana hired Clear Creek to manage a federal personal tax liability of $105,000. The Associate assigned to the case was able to negotiate a ‘Stay on Enforced Collection’ action to protect our client’s assets while we compiled all of the outstanding tax returns and the requested financial documents. Upon receipt of the financial documents, the Associate analyzed our client’s financial condition and determined that an Offer in Compromise would be the best possible resolution for this personal tax debt. The Associate then prepared and submitted all of the applicable documentation with a proposed Offer amount of $2,544. We then monitored the progression of the case and were able to conduct a hearing with the assigned Offer Examiner. The Offer Examiner initially denied the Offer in Compromise due to equity in assets and future earning potential, however, we were able to provide documentation to verify the inability to obtain lending and support all expenses claimed on the financial statement. Based on the additional information provided, the Associate was able to counter offer with a figure of $5,000 which was accepted. This resulted in a savings of approximately $100,000 for our client.

Recent Offer in Compromise Accepted

An individual located in Charlotte, North Carolina rehired Clear Creek to manage a liability of approximately $20,000 owed to the Internal Revenue Service for past due personal income taxes. The Associate assigned to the case was able to negotiate a wage garnishment release to protect our client’s assets while compiling the requested financial documents. Upon receipt of the financial documents, the Associate determined that because of the spouse’s health condition and our client’s recent decrease in annual income, the best resolution would be to have our client placed into ‘Currently Non Collectible’ status. The Associate then drafted a formal proposal and submitted it along with all applicable documentation to the Internal Revenue Service. The proposal was accepted and approved on the first attempt, and all periods of liability from 2008 through 2014 were placed into ‘Currently Non Collectible’ status. This decision will be instrumental in negotiations towards having an Offer in Compromise accepted at some point in the near future.

Recent Offer in Compromise Accepted

An individual in High Point, North Carolina, hired Clear Creek to assist him in resolving an personal tax debt of approximately $91,000 between the Internal Revenue Service and the state of North Carolina. Upon acquiring Power of Attorney, Clear Creek learned that the account was in active collections status with substantially higher balances of $133,194 with the IRS and $18,746 with the state of North Carolina. Clear Creek immediately negotiated ‘Holds on collection’ action with both the IRS and state accounts. The Associate assigned to the case determined that our client would benefit most from an Offer in Compromise resolution and filed all necessary paperwork with the state of North Carolina and the IRS. After several months, the state determined that an Offer was not in their best interest, but Clear Creek subsequently negotiated for Currently Not Collectible status instead, protecting our client against enforced collections for the next two years. However, the IRS accepted our Offer in Compromise proposal of $50 to resolve over $133,000 in liabilities owed, and waived the OIC fee.

Recent Offer in Compromise Accepted

An individual in Arizona accrued over $30,000 in tax liability with the Internal Revenue Service over the course of five years. Our client was able to remain ‘Current and Compliant’ from 2012 through 2016, however, he was unable to obtain a favorable financial condition in order to full pay his liability. The Associate assigned to the case submitted an Offer in Compromise on behalf of our client for a total of $100 to be paid to the Internal Revenue Service. The $100 amount was accepted by the IRS to address the approximate $30,000 in liability owed. Our client was able to fully satisfy the Offer in Compromise and absolve his $30,000 tax liability owed to the IRS.

Oct 26, 2016

Out of the Park

With the World Series capturing the attention of baseball fans the world over and not so baseball fanatics like myself who are nonetheless activated by this storyline, I thought it apropos to highlight a resolution one of our Associates negotiated for one of clients last week. Our valued client owed nearly $1,100,000 to the IRS and after lengthy discussions with the Offer in Compromise Offer Examiner, the Associate negotiated a settlement of $150 to resolve this issue. Again, this Associate hit this one out of the park. As such, I would like to take a moment and thank our Associate for this work and moreover, our client who entrusted us to find a resolution to this most stressful outstanding tax matter. Here's to a memorable World Series!

May 31, 2016

More success stories at Clear Creek Consulting

Clear Creek Consulting reviews tax situations and determines the best course of action. Here is another one of many recent success stories:


A vein surgeon living and doing business in New York hired Clear Creek Consulting to manage his Internal Revenue Service personal 1040 tax accounts with a balance of $1,342,712. 

Prior to hiring us our client tried to work directly with the Internal Revenue Service but could not obtain a resolution due to large compliance issues. The associate assigned to the case quickly ensured there was a ‘Hold on all Enforced Collection Action’on his accounts while our client obtained compliance by filing all federal tax returns. 

In addition, our client provided the IRS with the knowledge and direction to begin remitting Estimated Tax Payments – something our client had not done over the course of thirteen years. Through intensive and focused negotiation with the Office of Appeals and the assigned Revenue Officer, the Associate was able to show that our client could afford only a minimal amount for an Installment Agreement while keeping his practice afloat. 

After careful review, the Revenue Officer agreed to a Partial-Pay Installment Agreement of $2,500/month for 51 months and an increase to $3,050/month for the remaining portion of the collection statutes.

Through the life of the collection statute expiration dates, and as long as our client remains ‘Current and Compliant’ with all federal tax obligations, he will have saved in excess of $1.02 million.



Result:

The Associate assigned to the case guided our client towards being ‘Current and Compliant’ so he would qualify for a formal resolution. 


Once our client established compliance, the Associate moved forward with negotiations toward a Partial-Pay Installment Agreement.  After intense negotiations, the Internal Revenue Service accepted our proposed payment agreement with the starting monthly payment to be $2,500 per month.  

As long as our client stays “Current and Compliant’ during this Partial-Pay Installment Agreement, our client will save approximately $1.02 million in tax debt!

May 20, 2016

Clear Creek Consulting


I would like to share a couple of recent success stories of how Clear Creek Consulting helped these two recent clients with their tax situations.

We are a national firm located at:

285 Century Pl # 200
Louisville, CO 80027
1-877-897-5786

DETAILS:

An individual in Kearns, Utah hired Clear Creek Consulting to manage a liability of $48,980 owed to the Internal Revenue Service for personal income taxes accrued for the 2002-2012 tax years. 

The Associate assigned to the case had discovered that our client was in open collections with the Internal Revenue Service. 

To avoid any adverse actions, the associate negotiated multiple ‘holds on enforced collection actions’ while working with our client to gather financial information for use in resolving the account with the Internal Revenue Service.  The Associate reviewed our client’s financial details, and determined that our client could not afford a payment plan. 

Seeing an opportunity to save our client thousands of dollars, the Associate submitted an Offer in Compromise.  

After submitting the ‘Offer’ to the Internal Revenue Service, the Associate negotiated with the Offer Examiner, to provide additional information regarding our client’s financial situation.  The Offer Examiner presented several counter offer amounts, and the Associate negotiated a final amount of $4,512 for the Offer in Compromise.

The Offer in Compromise was approved by the Internal Revenue Service for $4,512 to resolve the entirety of our client’s remaining liability, saving our client $44,378!  The client no longer has any liability issues with the Internal Revenue Service.

Result: The senior associate assigned to the case quickly moved to obtain “holds on enforcement” for our client which allowed us to determine the most appropriate resolution. 

The senior associate determined an Offer in Compromise was appropriate and submitted an OIC to the Internal Revenue Service.  After substantial negotiations with the Offer Examiner, the Offer was accepted for a minimal amount of $4,512 which will result in savings of approximately $44,378!!!


DETAILS:

An individual in High Point, North Carolina, hired Clear Creek Consulting to assist him in resolving an individual debt of approximately $91,000 between the Internal Revenue Service and the state of North Carolina.

Upon acquiring Power of Attorney, Clear Creek learned that the account was in active collections status with a substantially higher balance of $133,194 with the IRS and $18,746 with the state of North Carolina. Clear Creek Consulting immediately negotiated ‘holds on collection action’ with both the IRS and state accounts. 

The Associate assigned to the case determined that our client would benefit most from an Offer in Compromise resolution and filed all necessary paperwork with North Carolina and the IRS. 

After several months, the state determined that an Offer was not in their best interest, but Clear Creek Consulting subsequently negotiated for Currently Not Collectible status instead, protecting our client against enforced collections for the next two years. However, the IRS accepted our Offer in Compromise proposal of $50 to resolve over $133,000 in liabilities owed, and waived the OIC fee.

Result: The junior associate assigned to the case thoroughly analyzed our client’s financial condition. Once this was done, the Offer in Compromise documents were submitted to both the IRS and the State of North Carolina.  The State case ended up getting resolved as ‘Currently Non Collectible’ and the IRS Offer in Compromise was accepted for a minimal amount of $50!  Therefore, our client will end up saving approximately $133,000!!!