Feb 3, 2017

A Negotiated Offer in Compromise Accepted


Our client located in Oxnard, California hired Clear Creek to negotiate a ‘Hold of Enforced Collections’ and a 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 instead, 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 to by our client.  The client will realize a 99% savings of the total liability.