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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.

PAssionately Engaged

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.

Feels Likely FamiLY

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

Subscribe Now

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Bookkeeping VS Accounting: What’s the Difference? 

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Needs Analysis

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

S-Corp & Partnership Filing Deadline

TX - June 15th, 2021

Non-TX - May 17th, 2021

Individual, Estate, Trust, & C-Corp Filing Deadlines

TX - June 15th, 2021

Non-TX - May 17th, 2021

Monthly Newsletter

We strive to be education focused in all we do. Sign up for our monthly newsletter to learn from the experts and improve your taxes and finances!

Latest News

Tracking Your 5 Top Key Business Metrics

With 99% of US businesses classified as a small business, there is no doubt that they are the backbone of the U.S. economy. US laws provide a low barrier of entry for entrepreneurs to cultivate startups across the nation. It can be said that starting a business in...

How to Build Your Emergency Fund

In trying times we need to be prepared for any type of emergency whether it be a loss of job, medical emergency, natural disaster or any unforeseen event. One of the best ways to be prepared is to have an emergency fund set aside. Yet, when you are already living...

Strategies When Saving for College

As a new parent, or a parent of a child entering school-age, you may have one thought, “When and how are we going to start saving for college?” There are several choices to make when saving for college and you need to consider what is best for you and your children....

Timesheet Tracking for Easy Payroll

Precise timesheets are necessary for every small business. If you find yourself needing a software or app for time tracking purposes, use TSheets to track and submit accurate time for payroll from anywhere. TSheets time tracker is a cloud -based time tracking and...

Quick Tips for Restaurant Bookkeeping

Long hours, high overhead, wasted food and difficulty making profits are just some of the challenges to success for restaurant owners. Yet, for those who love the business or who dream of having a place where everyone knows your name, there’s no other opportunity that...

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How to Overcome Business Blind Spots

No matter how savvy of a business owner or leader you are, not only will there always be the opportunity for a blind spot to exist, but there will always be one at every point in time. A business blind spot is basically the lack of knowledge or understanding  of some...

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When I was a kid, I always enjoyed earning a few dollars doing chores and mowing lawns. My sister and I would work hard to earn $5 picking up pine needles for our dad but had very different ideas on how to spend it. I got a kick out of watching my savings grow in my...

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There is often a misconception that bookkeeping and accounting are the same thing. While bookkeeping and accounting are both essential functions, there are some important distinctions between the tasks of a bookkeeper and an accountant. Accounting is the process by...

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.

S-Corp & Partnership Filing Deadline

TX - June 15th, 2021

Non-TX - March 15th, 2021

Individual, Estate, Trust, & C-Corp Filing Deadlines

TX - June 15th, 2021

Non-TX - April 15th, 2021

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

Entrepeneurial operating system

Building Relationships that Last Generations

 

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