Tax resolution firm
The contractor whose payment plan never started
Illustrative example. Not an actual client.
The facts
A monthly payment plan with the IRS, which is the firm’s core service.
Returns. The IRS won’t set up a plan until every required return is filed, and these returns needed books rebuilt first, which the firm doesn’t offer. A final notice of intent to levy had also arrived.
- Two years assessed on IRS-prepared returns that counted every 1099 dollar and no expenses
- A third year with no return at all
- No profit and loss statement for any year, only bank statements
- Nothing set aside for the current year’s tax, so a new balance was already building
- Appeal Before a Levy (30-Day Hearing)
- Rebuild Missing Business Records
- Back Tax Returns — Personal
- Fix an IRS-Prepared or Incorrect Return
- Tax Set-Aside & Payment Plan
- Monthly Bookkeeping
Levy hearing filed on time. All three years filed, with accurate returns replacing the IRS-prepared ones. The firm’s payment plan is now in place.
Books kept monthly and current-year tax saved as he earns it, so no new balance builds.
The firm’s case closed, and it offered six services it doesn’t provide in-house, two of them monthly.
The story
He fixes furnaces and air conditioners, and he’s good at it. Work comes by word of mouth, customers pay by card or check, and everything lands in one bank account that pays the truck, the parts, the mortgage, and the groceries.
He stopped filing when a slow winter left him short, and each year it got harder to start. When the IRS filed returns for him, the bills counted every dollar he was paid and none of what he spent. The balance was more than he could believe, and it was mostly wrong.
He signed up with a resolution firm for a payment plan to make the letters stop. The plan couldn’t start until the returns were filed, and the returns couldn’t be filed until someone rebuilt three years of books. Then the levy notice came.