Feb 3, 2017

A Creative Tax Resolution Case Study


A client in Buchanan, Tennessee hired Clear Creek to manage $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 action while the assessment dates are running. The oldest period of tax liability was for the year 2004.  This strategy enabled our client to walk away from $51,151.61 in tax liability. We are now negotiating a small Installment Agreement for the balance.