Wednesday, August 7, 2013
Garnishment in place? State of Colorado debt? Look no further. Highland Tax Group, Inc. can and will help you! We traveled to the State of Colorado Department of Revenue on behalf of a client today. Previously our client was getting garnished for $516 monthly, which attributed to about 25% of his pay. We were able to take down financial documentation to prove the garnishment was creating a hardship. The end result? We were successful with a reduction to $37 monthly! That is right, the client will is now only paying $37 dollars monthly! Great things are happening here at Highland Tax Group, Inc. Check out our website at www.highlandtaxresolution.com for more information regarding our services.
Thursday, August 1, 2013
Many times when our clients hire us to resolve their outstanding IRS tax debt, they are usually up against a wall. Either their bank accounts have been levied, wages garnished, or the IRS is knocking at their door.
One of our clients came to us in January of this year with a levy against his bank accounts and wages as it related to his IRS tax debt of $11,000. There was not a lot of work to complete however, the work necessary to get the levy released was crucial. We needed to contact the IRS ACS division immediately, which is a collection division of the IRS. We contacted the IRS and after we were on hold for awhile, we spoke to a gentleman who was willing to assist us with the IRS tax debt problem. The clients bank accounts were levied for $7,800 at the time of the levy (savings and checking included). His wages were also being garnished to the tune of 25% of his gross wages in order to fully pay the IRS tax debt.
At the time of the call we did not have financial data to offer or a payment plan to offer to resolve his IRS tax debt. Further, the IRS collection statutes were going to expire come July of this year. We knew the statutes were close to expiring as it related to the IRS tax debt and this information was crucial to resolving the outstanding debt for our client. Therefore, we didn't want to give too much information, nor did we want to set up a payment plan the client could not afford. What we offered the IRS was a 60 day full payment deadline to handle the IRS tax debt. Therefore, we had a call back date of March 1st to provide financial information and a payment plan proposal. The levies against the bank accounts and wages were released immediately and faxed to the appropriate parties. The client was ecstatic.
Ultimately, we set up a small payment plan for $118 monthly and the client paid $118.00 monthly on his IRS tax debt until July of this year. As of right now, the statutes have expired and the client no longer needs to pay on any type of payment plan. Ultimately, he saved over $10,000 on his IRS tax debt. He was grateful for the work we did. Of course, if you are in trouble with the IRS and owe IRS tax debt please see our website for more information at www.highlandtaxresolution.com or call me directly at 720-398-6088.