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Our Recent Tax Debt Settlements
| Original Amount |
Settled Amount |
Date |
| $48,967.00 |
$4,973.00 |
|
| $126,842.00 |
$24,963.00 |
|
| $17,843.00 |
$6,924.00 |
|
| $12,738.00 |
$4,821.00 |
|
| $83,056.00 |
$1,734.00 |
|
| $71,941.00 |
$9,421.00 |
|
Tax Debt Market Statistics
Last year the IRS cancelled 3.89 million in tax debt, saving taxpayers $3.62 billion.
When tax debt is properly challenged, the IRS has canceled 60 cents of every dollar assessed in employment tax penalties.
The amount of delinquent IRS tax debt rose by 20% last year alone.
IRS tax debt enforcement activity rose by over 26% last year.
In 2007 the IRS settled tax debt for just 14.8 cents on the dollar when a proper request was made for tax debt forgiveness.
By asserting the right to a correspondence audit, the average tax audit bill was reduced by as much as 58%.
The amount of income tax debt reported owed but not collected by the IRS totaled more than $200 billion at last count - that number doubles to over $400 billion if you include the estimated taxes owed on unreported/unfiled returns.
Over 2.6 million taxpayers are on an installment plan, paying over $4.5 billion to the IRS, and successfully avoiding wage and bank levies and property seizures.
15% of all taxpayers owe back taxes.