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Offer In Compromise

How we can help you

Did you know that you can settle your debt with the IRS for just pennies on the dollar with their Offer in Compromise program? The program allows taxpayers to settle with the IRS on tax debt that has been incorrectly assessed or for liabilities they cannot afford to pay.

The IRS Code states: “We will accept an Offer in Compromise when it is unlikely that we can collect the full amount owed and the amount you offer reasonably reflects the collection potential…” (Internal Revenue Code section 7122).

Often it is possible to fully and completely eliminate the taxes you owe – including all penalties and interest – at an enormous discount. There is no preset bottom limit that the IRS will accept to settle your debt especially if your offer is done right.

If done correctly your debt may be settled for only 5-15% of what you presently owe. The key is to determine the least amount that the IRS will accept from you before you make the offer.

Tailored to You

We aren't your average tax firm. We specialize in helping you maximize your tax situation and live more comfortably.

Education Focused

We guarantee you will learn something new. If you are looking for an average experience, we probably aren't the firm for you.

Relationship Based

We started business 40 years ago out of the Molen's home and to this day, we still treat our clients like family.

 

Latest News

Dates to Remember

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Last Minute Tax Moves Before You File

With the electronic filing opening being pushed to February 12th (usually mid-late January) this year, let’s look at some last-minute tax saving strategies before you file. Keep in mind that tax avoidance is about legitimate moves based on your individual facts and...

I No Longer Qualify for a Roth IRA, Now What?

So, you are interested in saving for your retirement, but you make too much to contribute to a Roth IRA. There are many rules surrounding this type of retirement account that limit who can use the account and how they can use it. The backdoor Roth IRA is a common...

5. Tax Me If You Can

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Should You Save or Invest?

One of the hardest questions we ask ourselves is whether we should save our money or invest it. Keeping our money in our account for emergencies can help us feel safe in knowing it's available when we need it. On the other hand, choosing to invest will help with our...

5 Tips for Preparing for Your Taxes

It is that time of year when we begin preparing for our taxes. If you’re preparing for your tax appointment only a few weeks in advance, you definitely have a problem! Here are my 5 quick tips for helping you prepare during the entire year for a tax return you know...

4. Looking Forward and Looking Back

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New Stimulus Relief

Last night, President Trump signed a bipartisan omnibus spending bill that included $1.4 trillion to fund the federal government and $900 billion in additional COVID relief. Among the following COVID relief measures are additional funds for the popular Paycheck...

5 New Year’s Business Goals & Resolutions

2020 has created unique challenges for small businesses across the country. Many are still struggling through this complex situation as we begin the New Year. New Year’s resolutions are important now more than ever in order to achieve the most important goals for your...

How much should I contribute to retirement?

When it comes to retiring many people have the same question. How much should I be setting aside for retirement?  This is a complicated question because there is not an answer that fits everyone’s situation. In addition, throughout the years a person’s specific...

Get Out of Debt

Having debt seems like a way of life these days. Some things seem unavoidable, house or car.. but sometimes its all little things that have piled up. It has become the adult version of the monster under the bed. There will be a point that you decide it is time to...

Needs Analysis

Free One Hour Consultation for any new business owner looking for an advisor to help them with their taxes or financials.

Latest News

Last Minute Tax Moves Before You File

With the electronic filing opening being pushed to February 12th (usually mid-late January) this year, let’s look at some last-minute tax saving strategies before you file. Keep in mind that tax avoidance is about legitimate moves based on your individual facts and...

I No Longer Qualify for a Roth IRA, Now What?

So, you are interested in saving for your retirement, but you make too much to contribute to a Roth IRA. There are many rules surrounding this type of retirement account that limit who can use the account and how they can use it. The backdoor Roth IRA is a common...

5. Tax Me If You Can

[iframe style="border:none" src="//html5-player.libsyn.com/embed/episode/id/17561423/height/100/width//thumbnail/no/render-playlist/no/theme/custom/tdest_id/2442602/custom-color/3f9143" height="100" width="100%" scrolling="no" allowfullscreen webkitallowfullscreen...

Should You Save or Invest?

One of the hardest questions we ask ourselves is whether we should save our money or invest it. Keeping our money in our account for emergencies can help us feel safe in knowing it's available when we need it. On the other hand, choosing to invest will help with our...

5 Tips for Preparing for Your Taxes

It is that time of year when we begin preparing for our taxes. If you’re preparing for your tax appointment only a few weeks in advance, you definitely have a problem! Here are my 5 quick tips for helping you prepare during the entire year for a tax return you know...

4. Looking Forward and Looking Back

[iframe style="border:none" src="//html5-player.libsyn.com/embed/episode/id/17390705/height/100/width//thumbnail/no/render-playlist/no/theme/custom/tdest_id/2442602/custom-color/3f9143" height="100" width="100%" scrolling="no" allowfullscreen webkitallowfullscreen...

New Stimulus Relief

Last night, President Trump signed a bipartisan omnibus spending bill that included $1.4 trillion to fund the federal government and $900 billion in additional COVID relief. Among the following COVID relief measures are additional funds for the popular Paycheck...

5 New Year’s Business Goals & Resolutions

2020 has created unique challenges for small businesses across the country. Many are still struggling through this complex situation as we begin the New Year. New Year’s resolutions are important now more than ever in order to achieve the most important goals for your...

How much should I contribute to retirement?

When it comes to retiring many people have the same question. How much should I be setting aside for retirement?  This is a complicated question because there is not an answer that fits everyone’s situation. In addition, throughout the years a person’s specific...

Get Out of Debt

Having debt seems like a way of life these days. Some things seem unavoidable, house or car.. but sometimes its all little things that have piled up. It has become the adult version of the monster under the bed. There will be a point that you decide it is time to...

Dates to Remember

Needs Analysis

Free One Hour Consultation for any new business owner looking for an advisor to help them with their taxes or financials.

Subscribe Now

LOCATION

11555 Champion Forest Dr.
Houston, TX 77066

info@molentax.com

Phone: (281) 440-6279

Fax: (281) 716-6000

 

Hours

Mon - 9:00am-5:00pm

Tues - 9:00am-5:00pm

Wed - 9:00am-5:00pm

Thurs - 9:00am-8:00pm

Fri - Sun - Closed

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