Thompson & Associates CPAs works collaboratively with our clients and tax attorneys to provide the best representation possible before the IRS and/or State Revenue Agencies. With a proven track record our clients have the absolute best representation available.
To seek for the most appropriate answers for the most sought after IRS back tax related queries, numerous taxpayers usually fall for the Offer in Compromise (OIC) program as a result of all those late night TV commercials which claims to settle all of your back tax debt for pennies on the dollar. Now who would refuse the chance to settle their IRS back tax debt ‘for pennies’, though most of us are unaware of the fact that while an OIC program might work for some, it really and quite certainly won’t work for all. The good news is Thompson & Associates’ understands how the IRS operates and will help relieve the burden of dealing with the IRS. Thompson & Associates armed with CPA’s and EA’s will fight to protect your rights and take over the process that is so stressful for taxpayers, so you can focus on what is really important your family and career.
The process for tax settlements with the states is very similar to the process with the IRS, although it varies from state to state. In some states, for instance, a taxpayer's penalties can be waived, but interest can't. In other states, interest can be waived, but penalties can't. And in some states, legitimate tax debt can't be reduced at all. For more information, contact your state comptroller.