New Jersey Payroll Tax Debt: $300K Settled for $110K
Amount at Issue
$300,000
Settled For
$110,000
Client Saved
$190,000
The Situation
A New Jersey business owner had fallen behind on federal payroll tax deposits, and the IRS assessed roughly $300,000 in tax, penalties, and interest — a liability the business could not pay in full without shutting its doors.
What We Did
We conducted a full financial analysis, established the business’s reasonable collection potential, and prepared and negotiated an IRS Offer in Compromise — handling all IRS communication so the client didn’t have to.
The Outcome
The IRS accepted an Offer in Compromise of $110,000, resolving the full $300,000 payroll tax liability and saving the client roughly $190,000.
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