A taxpayer residing in Midland, Texas hired Timberline to assist with the resolution of his significant tax liability owed to the Internal Revenue Service for his business. After receiving the Client’s financial information, the Enrolled Agent quickly got to work, analyzing the information to ensure the best resolution option. It was determined that the Client was a good candidate for an Offer in Compromise. The business was no longer operating on the same scale as it had when the liability was first accrued, and his current financial condition did not support an ability for monthly payments. The team compiled a proposal, and after extensive negotiations with the IRS, the Offer in Compromise was accepted for a total of $5,448.00 on a tax liability of just over $507,000.00, saving the client more than $500,000!