I just had a new client “Steve” call me and ask about tax resolution and Offer in Compromises… Steve hired one of the BIG FIRM’s that promises to get rid of all your tax debt 10 months ago. Steve had unfiled tax returns going back to 2012. The first thing the BIG FIRM did was to file tax returns for those 3 years. The BIG FIRM did not gather expense information from the client they only obtained income and wage transcripts from the IRS and filed returns solely based on INCOME. This now brought his tax liability which should have been in the $50,000 range up to $242,000.
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