Tax Guard resolved an IRS liability of $118,000 for an oilfield servicing company through an installment agreement with monthly payments of $1,855.

The business originally fell behind when its bookkeeper experienced health issues and took an unexpected leave of absence. Initially, the revenue officer for the case was unresponsive, causing unnecessary delays that threatened the company’s funding relationship. However, Tax Guard understood the sense of urgency and its persistence resulted in a favorable resolution, allowing the business to continue factoring with Diversified Lenders.

Courtney Justice, an associate with Tax Guard:

• Prevented the IRS from levying bank accounts and accounts receivable
• Negotiated an installment agreement with a payment of $1,855 per month
• Successfully abated (removed) civil penalties of approximately $25,000
• Obtained a subordination of federal tax lien to protect Diversified’s interests and preserve the funding relationship.

“The tax issues arose during the pandemic. We knew our funding was crucial to the business’ cash flow and survival. We’ve worked with Tax Guard for years because they keep us informed and solve our customers’ tax problems. They do what others can’t,” Shelly Jones, a compliance specialist with Diversified Lenders, said.