Lothamer has seen an especially tough year for our clients, whose challenging circumstances are sometimes hard to imagine. We admire their strength and courage as they come together with us to tackle difficult personal and financial issues, and we are proud to work as a team with our clients to help them put those issues behind them.

As the year comes to a close, we are happy to be able to report some extraordinary success stories. One client was scammed out of a large sum of money by an overseas con operation. She had taken money out of her 401k to pay the scammers, and was looking at owing a large tax debt in relation to the penalty on the withdrawal. We were able to convince the IRS to completely write off her $40,000 tax bill.

Another client who is self-employed ran into tax troubles that left him with a staggering $85,000 tax bill. We were able to settle out the debt for $1,000 so he can keep his business and move forward with his life.

Offers in Compromise like the example above are just one way we assist clients. There are hundreds more “everyday” stories of people who were several years behind in filing, who can now sleep at night without worrying if the IRS is going to knock on their door at any time. There are others who qualify for penalty abatements based on hardships they have experienced, such as a severe illness or death of a spouse. Whatever the tax matter, we have the expertise and commitment to find relief for our clients.

Lothamer looks forward to continued growth in 2010 so that we may help an even greater number of people to put their tax problems to rest.