At Quantum Financial Solutions, we look at the whole financial picture surrounding our clients. Releasing levies and holding off lien attachments is routine procedure here at Quantum. The client described below had serious IRS problems and with Quantum’s help, the IRS was stopped from pursuing any enforcement actions against this client. Quantum kept a tax lien from being filed and was integral in the negotiations with the client’s factoring company, ensuring that the client had adequate money to run their business as the problem was fixed.

Client: Military Supplier / East Coast

This client is one of the clothing manufacturers of U.S. military fatigues. They are headquartered out of the Southeast and owed approximately $550,000.00 to the IRS. This business relies heavily on factoring to operate.  With the help of Quantum, this business, on the verge of being shut down, was able to continue operation while setting up an affordable payment plan.

Quantum was able to work with our client as well as Wells Fargo Bank to obtain a $1.2 million dollar factoring line of credit to help generate revenue and cash flow. Quantum continues to maintain the relationship between our client and Wells Fargo while being the liaison for ensuring that the taxes don’t interfere with the factoring agreement.

Since becoming a client in April of 2008, our client has yet to have any liens filed against them by the IRS and have paid off two periods of liability. Through our representation, Quantum has halted any further enforcement, released an improper levy and worked with our client to gain compliance in order to qualify for a resolution with the IRS.

Quantum Financial also negotiated an Installment Agreement of $8,000 per month through the Appeals Department, with the stipulation that the IRS not file a tax lien so that the factoring agreement can continue uninterrupted. As long as the client remains current and compliant, no lien will be filed. At this time, we have prepared an Abatement of Penalties request for $145,000. The Appeals Officer has already indicated that the Abatement amount of $145,000 has a very high chance of being accepted in full due to our ongoing involvement.

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Quantum Financial Solutions is a Boulder, Colorado based tax resolution firm. Quantum specializes in all aspects of tax solutions for both individuals and businesses. Quantum’s seasoned staff of tax professionals are well versed in all IRS procedures. Here is a small sample of what Quantum Financial Solutions can do for you.

• Abatements
• Appeals
• Certificate of Discharge
• Innocent Spouse Claims
• Installment Agreements
• Levy Release
• Lien Release
• Offer in Compromise
• Partial Payment Plans
• Status 53
• Trust Fund Recovery Penalties
• Uncollectible Status

Let Quantum Financial Solutions solve your tax problems.

Make Quantum Financial Solutions your choice!