Case Closures and Levy Releases
Select a tab below to view recent examples of case closure letters received and levy releases secured on behalf of my clients. As you will see in many cases I secured agreements where my clients had to pay nothing, or significantly less than what they owe. And in our levy release section you will see with your own eyes how frequently we secure levy releases for people just like yourself who come to us for relief from IRS and/or state levy actions.
Not apparent in these closure letters is the effect of the statute of limitations for collections. For the IRS this statute is generally ten years from the date of assessment, i.e., the date the IRS puts the balance due on their books. I frequently utilize this rule to secure agreements wherein my clients either pay nothing, in Currently Not Collectible case closures, or pay only part of what they owe in Partial Pay Installment Agreements, due to the statute of limitations for collections expiring. When this happens the remaining balance due including all interest and penalties is discharged, and all liens released. This strategy is applicable to the majority of the Currently Not Collectible letters found below, and to most of the Installment Agreement letters as well.
You will also find the crown jewel of tax settlements in these case closure letters; Offer In Compromise. Literally hundreds of Offers that I have successfully secured for my clients in recent years. For more information on this type of tax relief please visit my Offer In Compromise dedicated website at https://www.theofferincompromisecpa.com
Department of Treasury Internal Revenue Service
Offer in Compromise
(James) <——— Put your name right here!
We have accepted your offer in compromise signed and dated by you on (DATE). The date of acceptance is the date of this letter.
Pay When Able
(Martin) <——— If you’re retired on SS, you probably won’t ever pay!
We have noted your account that you’re currently unable to pay your total balance or to make installment payments. You may make payments as you are able.
Installment Agreement
(Ian) <——— Well within his budget!
We’ve accepted your offer for an Installment Agreement. The agreement covers the tax period(s) shown above. Please make your first payment of $50.00.
Innocent Spouse
(Marian) <——— Innocent spouse, over $25,000 taxes forgiven!
You are also entitled to equitable relief of liability under Section 6015(f) of the Internal Revenue Code of the tax that was not paid with the filed tax return(s).
Decreased Lien
(Robert) <——— Saved him over $200,000!
Updated the amount of the Notice of Federal Tax Lien, from $215,881.92 to the decreased amount…of $11,491.93.
Professional Experience
William D. McConnaughy CPA began his company in March of 1990. He was a former IRS agent, holds a Master’s Degree in Taxation, and he completes 40 hours of continuing education and training each year.
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Our Tax Fees & Payments
Our Tax Relief Fees – start at $2,500 and top out at $6,755 depending on the complexity of your case and how much is owed. Fees are payable in convenient monthly installments if needed, and we are very flexible on the monthly payment terms with no finance charges added. You can specify your own payment terms and we can agree to it. – We Will Find An Affordable Payment Plan For You!
