Feb 3, 2017

A Negotiated Offer in Compromise

An individual hired Clear Creek in June of 2015 to resolve her personal liability of $43,000 with the Internal Revenue Service. Our client is a 68 year old widow living on only Social Security Income, and a small pension. From June through September of 2015 our client was informed by another company that this woman had missing returns that needed to be filed, and also gathered Form 433-A: Collection Information Statement for Wage Earners and Self-Employed Individuals to determine the best possible resolution for her. Once the woman hired our firm we straightened out an Internal Revenue Service mistake with the taxpayer’s Social Security Number, and we determined that an Offer in Compromise was the best way to resolve our client’s tax matter. From that point forward, Clear Creek worked with our client to put together a comprehensive and in depth Offer in Compromise to present and submit to the Internal Revenue Service. For the following 8 months, the Internal Revenue Service continued to ask for additional time to review the Offer in Compromise. The only foreseen issue with the Offer in Compromise was her equity in her home. Clear Creek was, however, able to establish that our client was unable to obtain equity out of her home due to her low monthly income. Shortly after this conversation we were able to confirm that the Offer in Compromise would be accepted for $500, saving our client $42,500.

Another Partial Payment Installment Agreement Negotiated

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 and 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. This saved our client approximately $33,80.

Partial Pay Installment Negotiation

Our client hired Clear Creek to resolve their personal and business liabilities of $50,000 with the Internal Revenue Service.  The Associate determined that a Partial Pay Installment Agreement would result in similar savings as an Offer in Compromise, and it appeared to be a much better resolution for our client. After discussing the plan to proceed with our client, the Associate submitted a Formal Installment Agreement with Automated Collections of the Internal Revenue Service along with supporting documentation. Within a matter of weeks, we received confirmation that the Internal Revenue Service had accepted our payment agreement without needing any further documentation or information. Our client is now very happy with our results as we saved him upwards of $44,000, and they have hired us to manage additional tax matters for them.

Partial Payment Installment Agreement

Our client hired us in December of 2015, after 7 years and $40,000 paid to another tax resolution company.  Within a few weeks, we negotiated a Partial Pay Installment Agreement for $500.  This was all pending the filing of the 3rd Quarter Form 941: Federal Withholding Tax Return, and sending the Officer proof of 3rd Quarter Federal Tax Deposits.  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 the resolution of this debt saving our client roughly $90,000.

Jan 23, 2017

Holiday Cheer

As Clear Creek entered the holiday season, our marketing department decided on their own accord to raise money for needy families in our community. As is the case each year, this department always amazes me with its generosity and selflessness. This past year, amongst themselves, they collected upwards of $600 which again, was to be donated to local families in need, however, when they realized that there were a few employees in our department who were experiencing some extreme hardships, the department came together and made the generous decision to donate these funds to some of us who found themselves in tough situations.

Having been hired to help thousands of businesses and individuals with tax issues over the past 13 years, we have represented, protected, and helped these people who are enduring hardship. It is my belief that our marketing department’s generosity stems from the fact that we all recognize that we all have hardship in one form or another over all of our lifetimes, and to give when we can, not only makes us each feel better, the smallest of gifts can truly change lives. And, when we look to the smallest common denominator in describing our business, we are in the business of changing lives for the better.
I applaud the decision of our marketing department as they not only improve the lives of those who hire our firm every day and gain immediate tax collection protection, they improved the lives of a few of our fellow employees, making the holidays a bit brighter for their families. Again, thank you for your generosity and your desire to help not only one of our own, but others seeking tax relief! Again, thank you!

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.