Mr. Walsh came to Quantum Financial Solutions, LLC with a tax issue of well over $1.2 million. He was originally on a $10,000.00 per month Installment Agreement. However, due to the economy and his large expenses, he was no longer able to afford a $10,000.00 monthly payment plan. Quantum Financial Solutions, LLC filed a taxpayer advocate claim for an interest related issue. The advocate we worked with helped establish an overall resolution with him. The taxpayer owes $1.2 million for the tax periods 1999, 2000, 2001, 2002, 2003, and 2004. With his house payment being over $12,000.00 he was well over IRS national standards. We originally proposed a 1 year agreement for $1,500.00 per month with an increase or a review of his financial condition and ability to repay after 1 year with the hopes he could sell the home.

When it was all said and done Quantum Financial Solutions finalized a $1,500.00 per month installment agreement to commence in March of 2009. The specifications in the installment agreement letter 3217c from the ACS division of the IRS did not indicate we had to prepare or resubmit financials at any one point in time. Quantum Financial Solutions, LLC considers this a major victory due to the fact it secures an excellent pay plan for client.

If the client does not default, he will pay back the IRS approximately $120,000.00 over the life of the statute on a partial payment plan. Thus, he is saving well over $2.2 million with the added accrued penalties and interest over time.