IRS Delinquent Taxes

Delinquent tax status occurs when the IRS has demanded payment from a taxpayer but the taxpayer has yet to comply with their demands.

Frequently, the taxpayer is unsure of what to do or what options they have for facing the IRS’s increasingly threatening notices. They might even assume that the threats of claiming their bank accounts or personal property is just a scare tactic. It’s not.

If you have delinquent taxes and do not respond to the demands of the IRS, they can legally seize your bank accounts, your property, and even your home. The IRS is also not legally required to explain your payment options and, without a dedicated CPA on your side, you may end up paying more than you’re initially required to while the IRS continues to threaten to seize your property.

Franskoviak & Company is a Michigan-based firm dedicated to helping you navigate through the confusing terrain of delinquent taxes. We will explain your options, provide personalized advice, and support you every step of the way. Contact us today to schedule your free consultation.

John W.
Engineer Currently on Worker’s Compensation
Warren, Michigan
Offer in Compromise&Deliquent Taxes
8 Months
John W. is a recently injured engineer who was put onto disability with Worker’s Compensation. This left the single father trying to make ends meet on a limited and tight budget. Life did not get any easier when the IRS sent John a notice that they were going to levy his bank account to get the $100,027.39 he owed to them.
He met with our tax resolution experts; we reviewed his current situation, and determined that he would qualify for a reduced settlement under the IRS Offer in Compromise “Fresh Start Program”. After a little renegotiating with the IRS we were able to settle his tax debt to $14,044.60.
“Hello Mike and John,
I just wanted to take a moment to thank you guys and your staff for your help on my IRS Tax issues. Please feel free to pass this along to others with similar Tax Burdens I had.
I was buried deep, real deep 5 years worth of back Taxes over $100,000 worth. I was facing bank liens on savings, checking accounts, property, wage garnishments, [and] payments of close to $1,000.00 a month for the next 10 years. A real nasty, devastating situation.
I was embarrassed, worried sick every day trying to ignore the nightmare hoping IRS would go away. Then the BOMB hit, the IRS was going to start wage garnishments this would surely have finished me off.
I contacted Franskoviak and set up at meeting with Mike. I explained my situation to him. He said I had a good chance of the IRS accepting a Offer In Compromise. He explained the fees and timing along with a rough idea what the IRS may accept. I agreed and he set me up with John Foran one of his Tax specialists.
John sat down with me [and] gave me the information I needed for him to work on my case. John prepared and filed my late tax forms so I was current. He collected the rest of the documents that where necessary basically utility bills, rent payment, pay stubs, etc. John worked out the compromise submitted it to the IRS with my down payment. The IRS came back with a counter offer basically nick picked few items, nothing real serious I accepted, offer was approved by IRS. Finally ending the nightmare of uncertainty and fear of a major financial setback for a long time.
So anybody out there who is caught in the Tax Trap like me do yourself a huge favor and call Mike and his team I am sure he will be able help you, find a solution to your tax problems.
Thank You Again Mike / John”
Owed: $100,027.39 Settled: $14,044.60

Duane L.
Retired Auto Detailer
Warren
Offer in Compromise& Delinquent Taxes
8 Months
Duane was retired and supplementing his income working sporadically throughout the year to make ends meet. The monthly payments to the IRS were starting to get too hard to keep up with his current intermittent income, and he hoped that there was another option to solve his seven years’ worth of tax problems. We filed an Offer in Compromise and were able to get his tax debt of $60,677 to only $6,150.
“I would highly recommend Franskoviak to anyone who has tax issues! They were very professional and communicated well. They explained the process well, and there was no guess work needed.”
Owed: $60,677 Settled: $6,150

Joseph K.
Retired Salesman
Rochester
Offer in Compromise & Delinquent Taxes
7 Months
Joseph had 7 years of unfiled back taxes, and owed money to the IRS since 2000. Having recently retired, Joseph was living off of a small fixed income with little room for extra expenditures. After filing an Offer in Compromise the $56,688 that was due to the IRS was successfully settled down to just $500. This is an amazing less than 1% settlement rate!
“Mike knew my case very well, and I feel very relieved. After 15 years of problems I feel very comfortable. I was very pleased with everything. Franskoviak and Company did a wonderful job and I appreciate it.”
Owed: $56,688 Settled: $500

James B.
Self-Employed Attorney
Farmington Hills, MI
7 Months
Offer in Compromise & Delinquent Taxes
Law firm unable to pay their payroll taxes due to decline in economy and loss of several customers. Our firm filed several years back payroll and income tax returns. We negotiated a settlement with the IRS that resulted in a $182,000 tax savings.
Owed: $250,000 Settled: $68,071

Mark & Lori H.
Commercial Real Estate Professionals
Southfield, MI
Offer in Compromise & Deliquent Taxes 5 Months
They owed $673,556 in back income taxes as a result of not paying quarterly estimates as well as failing to file over 6 years of back tax returns. We negotiated an Offer In Compromise and settled for $1,682, a savings of over $675,200, which is almost a 100% settlement!
Owed: $673,556 Settled: $1,682

Arthur D.
Retired
White Lake, MI
Levy Release&Deliquent Taxes
1 Month
Arthur came to Franskoviak & Company with unfiled tax returns for the last seven years. The IRS had placed a levy on his monthly social security benefits and the taxpayer was suffering financial hardship. The IRS said he owed $16,708. The Franskoviak team kicked into high gear, prepared the 7 years of tax returns and got the levy released in full. The taxpayer is now owed a refund of $2,671; a savings of $19,379!
Owed: $16,708 Settled: Refund of $2,671

Arthur D.
Retired
White Lake, MI
Levy Release & Deliquent Taxes
1 Month
Arthur came to Franskoviak & Company with unfiled tax returns for the last seven years. The IRS had placed a levy on his monthly social security benefits and the taxpayer was suffering financial hardship. The IRS said he owed $16,708. The Franskoviak team kicked into high gear, prepared the 7 years of tax returns and got the levy released in full. The taxpayer is now owed a refund of $2,671; a savings of $19,379!
Owed: $16,708 Settled: Refund of $2,671
Federal Express Deliveryman
Shelby Twp., MI
Offer in Compromise & Delinquent Taxes
8 Months
Ken came to us owing the IRS approximately $72,000 as a result of not paying quarterly tax estimates for a 3 year period. The Franskoviak team of tax specialists went to work. The starting process was to get a collection hold so no wage or bank levies would be issued. Next we got Ken into compliance by filing back tax returns. Lastly we submitted an Offer In Compromise for $549. Initially the IRS claimed in their response that Ken could pay more, over $25,000. But we negotiated hard, and our experience with the laws paid off. Finally, the IRS relented and agreed to the $549 Offer In Compromise. Ken saved $71,993; over 99% of the original amount owed!
When we asked Ken about the Franskoviak team he replied “Franskoviak & Company took a terrifying situation and with their expertise and knowledge, brought me peace of mind and got the best resolution I could ever hope for. You guys turned a hopeless situation into a brand new beginning.”
Owed: $72,000 Settled: $549

Kevin G.
Mechanical Engineer
Bloomfield Township, MI
Offer in Compromise& Delinquent Taxes
4 Months
Kevin G., a mechanical engineer from Bloomfield Twp., had not filed income tax returns in over 20 years. We contacted the IRS to get his account record and transcripts, determined that we only needed to file the prior six years tax returns. We then advised our client to get current with his quarterly estimates, and determined he would qualify for an Offer in Compromise. His balance owing to the IRS was $23,777, and the Offer in Compromise was accepted for $1,614; a settlement of about 7% of the original amount owing.
After asking Kevin about his overall experience with the Franskoviak team, he replied “I am very happy with the outcome and glad to have it over and done with. You guys were awesome.”
Owed: $23,777 Settled: $1,614

Jeff L.
Floor Installer
Hazel Park, MI
Currently Non-Collectible Status& Levy Release & Delinquent Taxes
Jeffrey L., a self-employed floor installer from Hazel Park, MI had been served with an IRS wage garnishment that left him with only $200 per week to live on. This happened because Jeffrey owed over $134,000 in back taxes for ten years of unfiled tax returns. Our office got the unfiled returns prepared and the wage garnishment lifted in less than 7 days, and the clients account was placed into Currently Uncollectible Status.
Owed: $134,000 Settled: Currently Non-Collectible Status

Jason B.
Roofing Contractor
Roseville, MI
Offer in Compromise& Delinquent Taxes
9 Months
Jason B., a self-employed contractor from Roseville, MI came to Franskoviak CPAs with unfiled tax returns for the years 2007 through 2012. The first step was getting Jason into compliance and we immediately filed those tax returns for him. The IRS then told Jason that he owed $176,000 and demanded payment. The Franskoviak team of tax specialists determined that he would qualify for the IRS Offer in Compromise Program and submitted an Offer in Compromise to the IRS, in the amount of $500. After substantial negotiations as to the value of his assets and amount of future cash flows, the IRS agreed and accepted our offer; saving Jason a total of $175,590. That’s a total saving percentage of over 99%!
After asking Jason about his overall experience with the Franskoviak & Company team, he stated “I appreciate the efforts of Franskoviak & Company on my case. Between Sig & Christine, it was a team effort. I’ve been trying to pick away at my IRS balance and it wasn’t going anywhere. With the OIC settlement, I can move forward with my life.”
Owed: $176,000 Settled: $500

Michael A.
Floor Installer
Pontiac, MI
Offer in Compromise& Delinquent Taxes
8 Months
Michael, a floor installer from Pontiac, MI came to Franskoviak & Company with unfiled tax returns for the years 2008 through 2013. The first step was getting him into compliance and getting those tax returns filed. Next we negotiated for a levy release from his wages. The IRS told Michael that he owed $174,725 from those same tax years. The Franskoviak team of tax specialists went to work and submitted an Offer in Compromise with the IRS for the amount of $500. The IRS approved his Offer and Michael’s debt was reduced by $174,225; a savings of 99%!
After asking Michael about his experience with the Franskoviak team he replied “Franskoviak & Company was awesome! They gave me a brighter future with this tax debt finally off my back.”
Owed: $174,000 Settled: $500

 

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