Quick inventory: Reduced and Resolved 32 Tax Problems so far this month. We handle the time and trouble that is dealing with the IRS.

2 Offer In Compromise accepted by the IRS. The first was settlend for $2,375.00 on over $42,000.00 in tax debt. The second was settled for $6,850.00 on over $72,000.00 in tax debt. Thats over $104,000.00. 

Two contested Assessments. The first by the Franchise Tax Board in California - $6,800.00 brought down to $0 . The 2nd by theIRS: $3,200 brought down to $0. 

Reduced Tax burdens by properly filing tax Returns for two clients: $41,000.00 down to $11,000.00 and $14,800 down to $800.00 .

Had 10 (TEN) Penalty abatements accepted of various amounts accepted so far this month.

Had 1 Federal Tax Lien Withdrawn. 

Had 9 Clients declared Currently Non Collectible by the IRS.

All this and I was only able to make it through Amy and Eric's resolved files!

As Amy likes to say Saving America One Taxpayer at a time!

If you need help with a back tax issue call us today! (772)360-4322 or Toll Free (844)208-7408 www.prodigyfsg.com/contact-us/

My dad's third favorite thing to say to his law students( or how I helped Jack stop his Social Security Garnishment)...

I am not sure how many people like to quote other people, especially their parents, even when they are not talking to their own children. I can honestly say that some things that my dad used to say to his law class every semester actually helped me help someone else. They were more or less the "if you do not learn anything else from me this semester remember these three points":

Now my dad's favorite thing to say to his law students had to do with the movie Its A Wonderful Life. He would usually make the analogy after having the students watch the film that unfortuately we don't life in Bedford Falls. It's Pottertown. It might sound synical but it is a good place to start. Even when dealing with the IRS it does apply.

The 2nd is the you Never sue an empty pocket. It would be quite refreshing if all of the employees at the Collections Division of the IRS had to sit through a couple hours of my dad's lectures. I would settle for half - either Revenue Officer training or anyone who works at the Automated Collection System (ACS). Either half would be great.

Now this brings us to Jack. Again the names have been changed to protect the innocent.

Jack had been going alone up against a Revenue Officer. Jack had gone through a correspondance audit / automated underreporter issue with the IRS and they were now claiming that he owed a pretty substantial amount of money in back taxes, approximately $80,000.00. Jack worked in real estate and had done well leading up to 2007 and then 2008 happened. Jack was also married, with a minor child, and had reached full retirement age.

In Jack's battle with the IRS and the Revenue Officer he ended up having his Social Security check garnished - the IRS had taken 15% of his monthly payment. The IRS had filed Notice of Federal Tax Lien: Form 668. Jack also had three years of missing tax returns.And to top it off the day I got in contact with Jack the IRS had just sent over a Bank Levy. As I would say Jack was on Fire. He really needed help but didn't know who to ask and wasn't sure what exactly his options were or what he might be entitled to. Jack was confident he could handle this on his own even after having his bank account frozen. He was sure if he explained his situation to the Revenue Officer again that he could get the Levy released. What Jack didn't understand is that explaining his situation without my help is what got his Bank Account Taken by the IRS in the first place. He gave someone who works at the Collection Division of the IRS - The worlds Largest Collection Agency - a roadmap to his financials and didn't have the complete knowledge of how to deliver the information. Form 433A can be quite intimitdating - a 6 page financial worksheet. And not everyone knows how to find information on National Standards of Living. Or what expenses might be necessary. The Revenue Officer felt that issuing a Levy to Jack was warranted based on the information Jack had provided.

This is the hard part about this. Sometimes you just have to follow the steps and sometimes you have to put your faith in someone to help you. Jack didn't want to put his faith in anyone, but after going through some more details with him I was sure that I could help. This is where my dad was able to help me help Jack.

"Jack," I said, "Let me tell you about the three things my dad likes every student who takes his course in law school to remember regardless of everything they cover that semester."

"I can't see how this has anything having to do with my taxes" Jack Said.

"I hope it will make sense in a minute" I replied. "The first is that we don't live in Bedford Falls - this is Pottertown." Jack was actually old enough to get this reference without explaining the movie.

"The 2nd is you never sue an empty pocket." Jack shared my sentiment about training the IRS employees this belief.

"And most importantly, anyone in any legal situation that represents themselves might just have a Fool for a Client."

Jack stayed quiet for about 30 seconds. The next words out of his mouth were "How do we get started?" After emailing him over some forms I was able to make contact to the Practitioner Priority Service at the IRS and request his Wage and Income Transcripts as well as make a phone call to his Revenue Officer. I also sent Jack some basice intake interviews for his three years of missing tax returns, and requested his last 3 months of bank statments and copies of his bills. It took two days to receive everything back from Jack, and that day I was able to fax signed completed returns to his Revenue Officer, as well as a properly calculated Form 433A Financial Analysis Worksheet. Jack's Revenue Officer thanked me that afternoon for helping Jack get current with his filing and properly preparing his Financials. He also faxed me over a copy of the Release of Levy for Jack's Bank.

Jack's Revenue Officer declared Jack Currently Non Collectible (CNC) and also Released the Levy on Jack's Social Security Benefits. All within 3 days. Jack had gone through this for months when he was his own representative.

If you or anyone else you know is having an Issue with the IRS taking your Social Security Benifits give me a call at (772)360-4322 or Toll Free at (844)208-7408.

You can always ask for me, or Amy. In case you haven't read any of my other posts - Amy is my wife and she is also an Enrolled Agent. And pretty awesome. You can always get in contact with us through our website as well www.Prodigyfsg.com or on Facebook.

As my wife likes to say: "Saving America One Taxpayer at a time"

We like to jest often about how much, at the end of the day, what we do is about helping people. Normally it ends up being something to the effect of "Couldn't afford Med School" or "You have to leave people better than you found them". Not terribly sure how to start logging our adventure helping people all over the country navigate the IRS, so we voted on starting somewhere in the middle :)

As usual, the names have been changed to protect the innocent.

Both Amy(my awesome wife) and I had worked for a large nationwide Tax Resolution Firm. And understandably both Amy and I became unhappy with our perception of their ability to help people and deliver the service that people would hire them to provide. I had recently graduated with my first degree, and we had just moved back to Vero Beach, Florida from our stay in Upstate South Carolina (I love Simpsonville and Greenville).

I had ran into an old business colleague who was a manager at the old firm where we had worked, and it was the night before I was to drive down to West Palm Beach, FL and take the final part of the Special Enrollment Examination to become and Enrolled Agent - Licensed to practice before the Internal Revenue Service. Anyway the old manager had left as well and was opening up a firm with another colleague, and long story short I walked into a job where I would be able to help people on my own terms. There are a lot of stories to cover over the course of the last 500 clients, but I think we should start with the first, Tom.

Tom had walked into a tough situation with the IRS. He had called in and ended up speaking directly with me (still rare to happen I stay so busy trying to help so many people). Tom had unfiled going back 10 years. The IRS was claiming he owed $232,000.00 all though Substitute for Returns filed arbitrarily by the IRS. There was a wage garnishment issued by the IRS. Tom had just gone through a divorce and his oldest child was a senior in high school - ready to go off to school soon and he needed help filling out his FAFSA as well, once we could get the IRS to stop their aggressive collections. Oh yeah - The State of North Carolina had just send a bank levy. It was about as complicated as it could get and there was a tremendous amount of urgency as Tom was being attacked by the IRS and the State of North Carolina.

I was able to request Wage and Income Transcripts directly from the IRS that day. They faxed everything over that afternoon. I also had drawn up some tax return intake interviews that I emailed over to Tom to get started on, as well as a punchlist of his last three months bills and bank statements. Additionally his homework included getting the fax number to his HR department and his bank.

Even though I had never represented anyone outside of my immediate family before, I was very confident that I would be able to help Tom get Current with his Tax Return Filing quickly. Once I had him current we could attack his financial quickly and get him set up on some type of Payment Plan or Installment Agreement that would keep the IRS and the State at bay, based on our terms - not theirs.

It took through the following afternoon for Tom to send back all of the Intake interviews and his State withholding information. I was able to fax the returns directly over to the IRS Collection Division. Tom's Liability dropped from over $230,000.00 to  under $33,000.00 by filing the returns correctly and accurately. Best of all he didnt't owe any tax at all for the first six years. Based on the Financials Tom had sent over we were able to set up a $625.00 per month pay plan to the IRS, as well as requst an Abatement of Penalties on the First Year (I mailed this in to give a chance for the returns to process) It took quite a few months for the ASFR unit to process all the returns but Tom's Interim Payplan was able to stay in place the whole time. He ended up only owing a few thousand dollars to the State of North Carolina, not the tens of thousands they were claiming before. They accepted a payplan too. After the Penalty Abatement was accepted by the IRS and the State of North Carolina Tom went from owing over $250,000.00 in combined tax debt to under $28,000.00. Not too bad for the first client. Would you believe that Tom still has me file his taxes every year? Of course he does. I file his kids returns now too. Like my wife likes to say: Saving America One Taxpayer at a time...

If you need help call me today at (772)360-4322. Ask For Chris, or Amy. Like I said she is Awesome. Or you can reach us at http://prodigyfsg.com/contact-us/