Art was experiencing cash flow problems in his business. He believed in his heart that things would turn around and that his problem was only temporary. Unfortunately, his cash flow problems only got worse. His business just wasn’t making it. To alleviate this “temporary” cash flow problem, Art started borrowing from the IRS bank (ie. his employees’ payroll withholding taxes). He also neglected to file his payroll tax returns for a year and a half. Reality set in and Art knew he had a BIG problem. The IRS was getting impatient waiting for the returns. It was only a matter of time before things came crashing down on his business. Our firm helped Art prepare and file all his payroll tax returns and a few individual tax returns. Next, we negotiated an Offer In Compromise for both his old individual AND business payroll taxes saving him $100,000. Art was grateful that everything was over. His failed business was behind him and he was given a new lease on life.