ORP, OR LLC
At IRS Trouble Solvers, we’re dedicated to helping individuals navigate the complexities of tax debt. Recently, we had the opportunity to assist a 61-year-old widow who was facing a personal tax liability of $32,493.22 for multiple tax years — 2014, 2016, 2018, 2019, 2020, and 2021. Her unpaid federal Form 1040 liability stemmed primarily from income her late husband earned in the years leading up to his passing. The financial burden had become overwhelming for our client, who did not have the means to pay off this debt. Even more frustrating, the IRS denied her initial request for Innocent Spouse Relief, which she had personally prepared, leaving her in a tough spot. Our team thoroughly prepared and submitted Form 433-F, the Collection Information Statement, on her behalf and provided the IRS with the necessary financial details. After several rounds of phone calls and persistent negotiations, we were able to secure the Currently Not Collectible (CNC) status for her case. This means the IRS acknowledged her inability to pay and agreed to stop collection activities, effectively lifting the $32,500 burden from her shoulders. This case exemplifies how, even in the face of difficult circumstances and IRS denials, there is still hope for resolution. Our client’s relief was immense. It’s cases like these that fuel our commitment to helping people find financial freedom from tax debt. WIN OF THE MONTH Innocent Spouse Relief Denied? Here’s How We Still Helped Our Client CASE SNAPSHOT Client: 61-Year-Old Widow Type of IRS Issue: Personal 1040 Form Tax Years in Question: 2014, 2016, 2018–2021 IRS Claimed Liability: $32,493.22 Savings: $32,493.22
re, Save Peace of Mind
Plan charitable contributions. The end of the year is a popular time for charitable giving, as
donations to qualified organizations are tax-deductible for individuals who itemize deductions. To maximize tax savings, consider donating appreciated stock instead of cash. This allows you to avoid capital gains taxes while deducting the asset’s market value. Assess estimated tax payments. If you are self-employed or expect to owe additional taxes, it’s wise to review your estimated tax payments. Ensuring these payments are on target can help avoid underpayment penalties and reduce the financial burden during tax season. Consider making a fourth-quarter estimated payment if you’ve earned additional income or if your tax liability has increased.
Making these tax resolutions can help set you up for improved financial health, effective tax management, and more peace of mind as you close out the year and look ahead to the best year yet!
INGREDIENTS
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3/4 cup unsalted butter, softened 2/3 cup brown sugar
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3/4 cup pecans, roughly chopped
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1/2 cup hot water
2 eggs, beaten
1 tsp baking powder 3/4 cup self-rising flour 3/4 cup dried figs, roughly chopped
Toffee sauce •
1/2 cup unsalted butter 1 cup brown sugar 1/2 cup heavy cream
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DIRECTIONS
1. Preheat oven to 350 F. Grease a 6-cup ovenproof bowl and line the bottom with waxed paper. 2. In a large bowl, beat butter, sugar, eggs, baking powder, and flour until smooth. Stir in pecans and figs, then add 1/2 cup hot water. 3. Pour batter into prepared bowl, cover with a circle of waxed paper, then cover tightly with foil. Bake for 50–60 minutes until a skewer inserted into the center comes out clean. 4. For toffee sauce, put butter and sugar in a saucepan over low heat, stirring constantly until the sugar dissolves. Stir in cream and increase heat to medium. Bring to just below boiling, then reduce heat to low and cook, stirring occasionally, for 5–7 minutes until thickened. 5. Turn pudding onto a plate and drizzle with toffee sauce.
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