Feb 3, 2017

Creative Tax Resolution Strategy


Our client in Denver Colorado hired Clear Creek to resolve a $180,000 personal tax liability with the Internal Revenue Service. After review of our client’s financials, it was determined by the Associate that our client qualified for a Status 53- Currently Non-collectable Status. The Associate and team quickly negotiated a ‘Hold on Enforced Collection’ action to allow time for our client to gather the updated personal financial documentation necessary to resolve the case. The Associate reviewed the personal financial information and submitted a proposal for a Status 53- Currently Non-collectable Status to the IRS. After extensive negotiations with the IRS, the Associate was successful in negotiating the acceptance of the resolution. Fortunately, due to the collection statute expiration dates on some periods of the liability, approximately $60,000 will expire while our client is in Status 53.