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.