Success Stories

Examples of Actual Lavelle Law, Ltd. Results!

Taxpayer Profile:   Corporation owner of 29 nationally-known franchise restaurants.
Issue:   Audit of corporate returns of several tax year – proposed increase in corporate income tax of 28 subsidiaries and shareholders’ income tax.
Approximate Tax Liability:   approximately $3.5 million - $4 million
Issue:   IRS propose increase in tax
IRS Acceptance:   Obtained IRS private letter ruling granting late Qualified Subchapter S election with an abatement of penalties for shareholders.
Tax Savings:   approximately $3.5 million - $4 million
Taxpayer Profile:   Taxpayer suffering from cancer.
Approximate Tax Liability:   $56,000.00
Issue:   unpaid tax debt and penalties/interest
IRS Acceptance:   IRS accepted Offer in Compromise of $2,000 based on effective tax administration grounds.
Tax Savings:   $54,000
Taxpayer Profile:   Married couple- husband unemployed with significant pension accounts, wife employed
Approximate Tax Liability:   $120,000.00
Issue:   unpaid tax debt and penalties/interest (includes income tax liabilities and civil penalties)
IRS Acceptance:   less than $20,000.00
Tax Savings:   $100,000.00
Taxpayer Profile:   Individual- Employed as a medical physician
Approximate Tax Liability:   $270,000.00
Issue:   unpaid tax debt and penalties/interest (includes income tax liabilities and civil penalties)
IRS Acceptance:   Allowed taxpayer to enter into a payment plan pursuant to which he is only required to pay $500.00 per month until the statute of limitations on the IRS’s collection of his liability expires.
Tax Savings:   N/A
Taxpayer Profile:   Home Health Agency
Approximate Tax Liability:   $100,000.00
Issue:   tax penalties and related interest had accrued for taxpayer
IRS Acceptance:   IRS abated the penalties and interest based on taxpayers inability to collect receivables from the State of Illinois.
Tax Savings:   $100,000.00
Taxpayer Profile:   Business owner (married couple)
Approximate Tax Liability:   $75,000.00
Issue:   The business was audited and the couple was assessed almost $75,000.00 in unpaid income tax and penalties.
IRS Acceptance:   After we contested the audit, the married couple was due a refund.
Tax Savings:   over $75,000.00
Taxpayer Profile:   Business and its married owners
Approximate Tax Liability:   Business- $30,000.00. Owners- $100,000.00.
Issue:   An audit of Taxpayers income tax returns found unpaid liabilities.
IRS Acceptance:   After contesting the audit, the liabilities of the business and its owners were reduced to approximately $29,000.00 and $4,000.00 respectively.
Tax Savings   $97,000.00
Taxpayer Profile:   Individual who resided outside of the U.S. for several years
Approximate Tax Liability:   over $100,000.00
Issue:   Unpaid income taxes
IRS Acceptance:   Taxpayer was granted temporarily-non-collectible status upon return to the United States until he was able to secure new employment
Tax Savings   N/A
Taxpayer Profile:   70 year old individual who owned a house worth $200,000.00
Approximate Tax Liability:   $30,000.00
Issue:   Taxpayer had failed to report any income for over 10 years.
IRS Acceptance:   $100.00 payment after filing corrected returns
Tax Savings   $30,000.00
Taxpayer Profile:   Individual Taxpayer who filed inaccurate return
Approximate Tax Liability:   $20,000.00
Issue:   Taxpayer understated his income and deductions, both by approximately $50,000. The IRS adjusted the taxpayer’s return, increasing his income, but not his deductions. As a result, the IRS demanded payment of over $20,000.
IRS Acceptance:   We prepared an amended income tax return reporting taxpayer’s full deductions. The amended return was accepted and the taxpayer was issued a refund.
Tax Savings   over $20,000.00
Taxpayer Profile:   Married couple with health issues
Approximate Tax Liability:   $70,000.00
Issue:   Couple had a gambling income of over $1 million in a single year.
IRS Acceptance:   Taxpayers were able to settle State of Illinois income tax liability of $70,000.00 to $10,000.00.
Tax Savings   $60,000.00
Taxpayer Profile:   Divorced business owner
Approximate Tax Liability:   $50,000.00
Issue:   Unpaid federal income tax liability.
IRS Acceptance:   Taxpayer was able to settle liability for a payment of $5,000.00.
Tax Savings   $45,000.00
Taxpayer Profile:   Individual business owner.
Approximate Tax Liability:   $90,000.00
Issue:   Unpaid employment taxes which led to civil penalty liabilities.
IRS Acceptance:   We helped Taxpayer settle for a payment of $45,000.00.
Tax Savings   $45,000.00