Barry G. Fowler, EA, leading expert in tax resolution issues and CEO of Taxation Solutions, writes about ads that mislead people into believing their tax debt can be easily cleared up with an Offer In Compromise ‘no questions asked!’

Houston, TX – February 27, 2015 – Barry G. Fowler, CEO of Taxation Solutions, posted a new article entitled “Are You Eligible For an Offer In Compromise?” Tax season inevitable brings out the wolf in sheep’s clothing, as Barry Fowler points out in his recent article.

Fowler writes, “You just heard or saw a commercial that promises, “If you owe the IRS $10,000 or more we can settle your tax debt!” He cautions, “Don’t fall for it. Even when you hear the announcer say “Yes, no problem! We can settle your tax debt no questions asked.” If you called and you’re on the phone with a sales person, listen to your instincts and hang up right away!”
As enticing as this may sound, as Fowler states, “An Offer In Compromise (OIC) is what is being hinted at in these commercials. An Offer In Compromise allows you to settle your tax debt for less than the full amount you owe.” He adds, “It may be a legitimate option if you can’t pay your full tax liability, or when doing so creates financial hardship.”

As it turns out, according to Fowler, “The Offer in Compromise program is not for everyone.” He states, “If your cash in the bank or money in your retirement accounts exceeds your debt to the IRS, this will rule you out of the OIC. Also, if you have equity in assets that can be accessed to satisfy the IRS debt, you will not be a candidate for an OIC.” Continuing, Fowler writes, “At Taxation Solutions we explore every option that reduces assets to their lowest value so they will not be considered available to satisfy your tax debt.” He adds, “We will explore all other payment options before submitting an Offer In Compromise because that is what the IRS will do.”

Fowler advises readers that, “Before the IRS can consider your offer, you must be current with all filing and payment requirements.” He makes it clear that “You are not eligible if you are in an open bankruptcy proceeding.”

Fowler discloses the ins and outs of the Offer In Compromise and states, “As you can see, it is impossible for anyone to promise that your tax debt can be cleared with an Offer In Compromise before they know the details of your specific circumstance.” Adding, “For real help and real advice call Taxation Solutions. If you are not eligible for an Offer In Compromise we will help you find a solution for your unique situation.”

The entire article can be read at http://www.taxationsolutions.net/are-you-eligible-for-an-offer-in-compromise/

About Barry G. Fowler, EA

Barry G. Fowler founded Taxation Solutions out of a genuine concern for the IRS issues his clients face, many of whom are self-employed, contract employees, or entrepreneurs. For his contributions to his profession and expertise in tax resolution and financial planning, Fowler has been featured as one of America’s Trendsetters on CBS and Yahoo, and as a Premier Expert in Inc. Magazine. He has been instrumental in helping hundreds of people resolve complex tax issues with the IRS.

Fowler is licensed to represent taxpayers before the Internal Revenue Service, and is a longstanding member of several tax industry professional organizations: NAEA, NATP, TSEA, ASTPS.