The Nightmare of Negotiating a Settlement with the IRS Has Just Become a Little
Less Frightening as Software By Bay Announces Major Update to Offer in Compromise Software
The nightmare of negotiating a settlement with the IRS has just become a little less frightening. Now, preparing and submitting the forms required in settling a tax debt with
Offer in Compromise v4.70 software can be accomplished in a minimum of time.
PARSIPPANY, NJ - October 20, 2004 -- Software by Bay (www.softwarebybay.com) has today announced a new easy-to-use tax software solution, "Offer in Compromise v4.70," which simplifies the preparing and submission of an Offer in Compromise to the Internal Revenue Service.
The nightmare of negotiating a settlement with the IRS has just become a little less frightening. Now, preparing and submitting the forms required in settling a tax debt with Offer in Compromise can be accomplished in a minimum of time.
Offer in Compromise is a new interactive software developed by the Tax Institute, Inc. and available from Software By Bay. It allows users to simply input their data, and then update it as often as often as necessary during the lengthy negotiation process.
Of the many tax software programs on the market today, only Offer in Compromise combines the fill-in-the-form practicality with features
derived from over 35 years of tax practice by former IRS agents.
Unlike any other tax software, Offer in Compromise offers a comprehensive range of features and functions:
- Q-Test - a new Feature that allows you to Pre-Screen clients for eligibility before you fill out IRS forms 433A or 433B.
- A complete history log for every client with the touch of a button
- A help button for each line of each form. The Help button links users to the IRS instructions or manual sections relating to that particular line. Merely click on the button for Section V, Line 36 (Housing and Utilities) and it provides a complete listing of every county in the USA and what the IRS is allowing for that county.
- Contains a help function that contains IRS Manual Sections applicable to how to prepare Offer in Compromise, Installment Agreements, Release of Liens and Levies and much more. The professional will know what the IRS is looking for before they submit the client's Offer, Installment agreement or release of levy, lien or Innocent Spouse Request.
- Contains the latest National, Housing and Transportations Standards
- Calculates the minimum offer amount using the IRS's own methodology
- Practitioner comments give advice and insights based on real world experience.
- Internal Revenue Manual Sections (dealing with Offer in Compromise) and instructions.
- Database containing complete information for all clients.
- Computer generated Form 433-A (Collection Information Statement for Wage Earners and Self-Employed Individuals), Form 433-B (Collection Information Statement for Businesses), Form 433F (Collection Information Statement), Form 656 (Offer in Compromise) and Form 2848 (Power of Attorney), Form 656-A (Income Certification for Offer in Compromise Application Fee).
- Offer in Compromise provides the Enrolled Agent with the same instructions the revenue officer must follow during the process, so that the preparer will know what the officer's manual instructs him to do.
- Hitting the Help Button will bring up the appropriate IRS collection manual section.
- The IRS manual is the bedrock on which the Revenue Officer must proceed in a particular situation. In addition, Offer in Compromise provides practitioner comments based on over 35 years of dealing with the IRS. No longer will users have to spend hours researching several different publications - all information is there at the user's fingertips.
Offer in Compromise is not just a fill-in-the-form program, but is interactive, containing relevant IRS manual sections, instructions and professional advice by former IRS agents.
Whether users submit an Offer in Compromise or only the Collection Information Statement, they won't spend unnecessary time locating the proper forms, nor will it be necessary to prepare a whole new form manually because of one or two changes.
"Offer in Compromise" is only $199.00 plus
$10.00 S/H.
For more information, please visit the company's website at:
http://www.softwarebybay.com
or
www.oictaxpro.com
Software By Bay is located at 256 Central Avenue, West Caldwell, New Jersey 07006.
Phone: (973) 226-6646
or 973.228.8600
For more information, please email Joel Hudesman at
joel@oictaxpro.com.
