Best Strategy To resolve $200k Balance due

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    Alexis Sidney
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    I have a client who owes IRS $214k. This is made up of balances due for the following tax years:
    2008-$8,740
    2012-12,004
    2013-38,943
    2014-34,707
    2015-53,609
    2016-24,211
    2017-17,362
    2018-6,040
    2019-3,693

    My transcript system has not been functioning lately for me to check the csed date for the 2008 tax year or others. I do know a payment plan was in place at one time and payments were made, and the payment plan failed.

    I revied the actual tax returns and discovered the original tax preparer filed them incorrectly. The taxpayer spouse received retirement income, and the taxpayer was a realtor with 1099 income only. The preparer used a schedule c EZ and did not include any expenses that the taxpayer provided. The spouse retirements wages have been garnished.

    My strategy is to do amendments to the taxes filed, to include the taxpayer expenses for schedule C, to determine the balance due. From this establish an installment plan?
    Is there anything else I should consider?

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