Offer In Compromise

Are you a taxpayer looking for a fresh start?

The IRS recently introduced a new streamlined Offer in Compromise (OIC) program in an effort to assist taxpayers that are struggling to pay off their tax liabilities.

The New Offer in Compromise Program:

• Now allows taxpayers with annual incomes up to $100,000 to participate
• Now allows taxpayers with a tax liability of less than $50,000 (up from $25,000 of tax debt)

What is an IRS Offer in Compromise?

An offer in compromise is defined as an agreement between the taxpayer and the IRS that settles the tax debt at a lesser amount than is owed. An offer in compromise is based on the taxpayer's income and assets. Taxpayers who can pay their liabilities fully through an installment agreement or other methods are usually not eligible for an offer in compromise.
An offer in compromise is the only program in the IRS Code that includes the three factors which make up your owed balance. This includes:

• Tax
• Interest
• Any and All Penalties

Am I eligible to participate, and if so, where do I start?

The best way to learn more and participate in the IRS Offers in Compromise program is to consider the services of Jay Allen Finn, CPA. Mr. Finn, located in Houston, Texas is licensed to practice in IRS appeals, mediation and tax court. In addition, he is a former IRS Revenue Agent himself with an A+ BBB member rating. Mr. Finn and his team of professionals will use every means possible under the Internal Revenue Code to help you settle your tax debt for the lowest amount allowed by law.

Jay Allen Finn and his team of professionals have the experience to negotiate IRS offers in compromise and they have never lost a significant case. A few OIC cases have been lost; however, they mainly consisted of cases where the clients did not continue with their original intent to fight with the IRS to settle their tax problems. Needless to say, clients who sought out the services of Mr. Finn's firm have met with success in seeking IRS tax debt settlements. Knowing that Finn can fight for an offer in compromise can relieve a lot of stress and anxiety for clients who are facing tax debt with an IRS problem.

Any taxpayer seeking an offer in compromise could start over again without the IRS hanging over their backs. Jay Allen Finn can help most clients with medium to large balances to erase the three offer in compromise factors with one or a series of payments, and it does not matter how much they owe. Mr. Finn will provide potential clients with a free quote concerning any IRS tax problems offer in compromise. If you need IRS tax help, contact Finn today.

Jay Allen Finn's firm is a great resource to someone who is fighting the IRS for tax liens, wage garnishments, back taxes and other tax problems. They know the ropes when it comes to dealing with the IRS and will provide the best course of action for all clients. Some of the other ways in which they can help clients include:

• Complete Delinquent Tax Returns
• Reduce Penalties on Tax Debts
• Stop IRS Wage Garnishments
• Help With IRS Tax Levies
• Houston Tax Help
• Halt IRS Property Seizure
• Protect Your Income Tax Refunds
• Assist with IRS Tax Liens

They will help find the cause of the tax problem, and then enable you to prevent it from happening again. For an offer in compromise, help with back taxes or even a bank levy in Houston, Jay Allen Finn's firm can assist you in getting the IRS off your back and bring you peace of mind again. For more on how to get an offer in compromise or other tax issues, log on towww.doggedbyirs.com.

 

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Featured Article:

Jay Allen Finn Can Determine Your Eligibility For An Offer In Compromise

[Posted on June 14]

Individuals faced with a tax debt or other financial penalties as a result of IRS tax problems that are looking for help with these problems should contact the offices of Jay Allen Finn, CPA. Jay Allen Finn and his staff have a tremendous record when dealing with the IRS, winning the vast majority of our significant cases. Jay Allen Finn is a former agent of the Internal Revenue Service, which means he brings a unique perspective and level of expertise that is hard to find and can prove valuable to clients who want to stop being dogged by the IRS. When you contact the offices of Jay Allen Finn, we’ll determine if you’re eligible for an offer in compromise and help you determine the best option available to you so that you can get a fresh start.

An Offer in Compromise is when the taxpayer and the IRS come to a settlement agreement for less than the amount owed. It includes the three factors that make up your owed balance (tax, interest and all penalties) and is the only program in the IRS that includes these factors. Eligibility for an offer in compromise is determined based on a number of factors, including a taxpayer’s income and assets. Not everyone is going to qualify for an offer in compromise but the team at the offices of Jay Allen Finn can check your eligibility and assist you in pursuing that option if you qualify.

If you’re not eligible, we’ll research your case and help you find any other options that might be available to you when you’re dealing with IRS problems. In addition to pursuing an offer in compromise, the offices of Jay Allen Finn can also provide tax debt relief for individuals who are having money deducted from their paychecks due to a wage levy, assistance with completing delinquent tax returns, halting property seizure and simply finding ways to reduce the amount owed to the IRS.

The stress caused by IRS problems and debts can be overwhelming for some and unfortunately not everyone is aware of all of their options when looking for a resolution. If you need a Tax Specialist, you’ll find that Jay Allen Finn and his team have a record of success that is hard to match, not to mention the knowledge of actually working for the IRS. Don’t continue this fight alone; contact the offices of Jay Allen Finn today for a free consultation.

 

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