Resolved: $1.4 Million Liability for Tree Nursery Published June 21, 2021

Tax Guard successfully resolved a combined $1.4 million IRS liability through three installment agreements totaling $25,000 per month for a tree nursery, which allowed the businesses to continue funding with Kore Capital. The conglomerate fell behind after losing some large clients. The revenue officer initially assigned to the case was extremely aggressive, but Tax Guard was able work with an appeals officer to secure the necessary agreements.

A Tax Guard Associate successfully:

  • Prevented the IRS from levying bank accounts and accounts receivable,
  • Reconciled the missing returns and deposits for the 941 and 943 withholding returns,
  • Deferred the filing of federal tax liens until installment agreements were in place,
  • Secured three installment agreements with combined payments of $25,000 per month, and
  • Obtained subordinations of federal tax lien for the three entities to protect Kore Capital’s security interest in the receivables.

“Our revenue officer was really aggressive. She repeatedly threatened to file federal tax liens and levy our bank accounts. She wouldn’t even consider a payment arrangement,” said the business owner. “Tax Guard filed an appeal so they could hammer out a deal with a different person at the IRS, which allowed us to start funding with Kwesi and get current with our federal tax deposits. Without Tax Guard’s work, we would have been stuck. I’m so thankful Kwesi made the introduction to Tax Guard.”

“Tax Guard solves IRS issues. But really, they preserve the funding relationship. They protect my client and they protect me so I can fund,” said Kwesi Rogers of Kore Capital. “I don’t know how the IRS works and I really don’t want to know. Tax Guard was on top of the negotiations from day one and kept me up to speed throughout the entire process, which is all I really need to know.”

Posted By: Jason Peckham