Success Stories

January 2015 Phoenix Financial Group Success Stories posted by 941-Help

Business and individuals names have been hidden to protect client privacy.


Mr. Client came on board with Phoenix Financial in the midst of a nightmare situation with an aggressive revenue officer in the Denver IRS office. The client’s business, although it appeared in title to be a sole proprietorship, had been setup years prior as an S-Corporation. Therefore there were several years of missing 1120-S returns, as well as 1040 personal income tax returns. Mr. Client had worked with a prior enrolled agent and a CPA in the Denver area and paid substantial fees, but no progress was ever made on his case.
By the time Phoenix Financial came into contact with Mr. Client, the revenue officer was threatening seizure of the business assets. We filed appeals on the proposed seizure action, and Phoenix assisted the client getting all of the missing tax returns prepared and filed, bringing the business and personal accounts into full filing compliance. Despite the filing compliance, the revenue officer continued to pursue seizure, stating that the business was not viable and would not remain compliant. Phoenix countered these arguments by setting the client up with ADP’s payroll services, strengthening the argument that the business would remain in full compliance in the future.
After several rounds of Collection Due Process and CAP appeals, we were able to save the client’s business from seizure and arrange a formal installment agreement that was affordable for the client. We also negotiated that the personal case be placed into Currently Not Collectible status due to several health issues that the family experienced with Mr. Barnes’ wife and infant children. These resolutions enabled Mr. Barnes to continue to operate his business and provide from his family. The CNC resolution also resulted in the release of a garnishment on Mrs. Barnes’ wages at her place of employment.


Client, Inc. had been in IRS collections for 941 payroll taxes for several months. Mr. Client and his business partner had both been assessed with the IRS Trust Fund Recovery Penalty, which made them personally responsible for the employee portion of the 941 taxes owed. To complicate matters, Mr. Client also was recently divorced. During the splitting of assets, it was agreed that the client’s ex-wife would refinance their jointly purchased residence, and pay him $70,000 to cover his share of the equity in the home. Right before the client hired Phoenix Financial Group, the IRS moved forward and filed a personal tax lien against Mr. Client, which attached to the residence and caused the ex-wife’s refinance to be cancelled.
By expediting the submission of Form 14135 – Application for Certificate of Discharge of Property From Federal Tax Lien – and aggressively following up on the submission, PFG was able to make arrangements with the IRS lien advisory unit to have the government agree to withdrawal the Federal Tax lien in exchange for Mr. Client’s share of the equity from his home. The urgency of the situation was also indicated to the Taxpayer Advocate Service, which helped to initiate contact directly with the assigned lien officers, and expedite the case despite the lien desk’s first-come, first-serve approach.
This resolution not only allowed Mr. Client to use his home equity to make a substantial payment toward his trust fund tax liability, but it satisfied the lenders and underwriters associated with the transaction, and resulted in the ex-wife being able to move forward with full ownership of the home without any Federal Tax lien concerns. This was a win for all parties involved.
Mr. Client’s corporation was also able to reach an agreement with IRS appeals for a formal installment agreement to address the remainder of the unpaid 941 taxes.


Client accrued tax liability on two businesses in the amount of $70,000. Business closed and Revenue Officer filed transferee liens for $70 against a property she owned personally but which the business rented from her because the mortgage payments were being made directly from the business accounts. Revenue Officer was getting ready to seize the building.

Enrolled Agent fought the transferee lien filing based on the fact that she claimed the income as rental income on her 1040 returns and won. All transferee liens were released.


Enrolled Agent successfully negotiated $16,847 in late filing, late payment and failure to deposit penalties abated for 12/2007 – 9/2008 due to death in the family that caused an undue hardship.