Korntved & Associates

                                                                            Your Place For Solutions To Tax Problems.

 

 
 

 

 


F - Financial Statement Preparation.

When preparing financial statements for an offer in compromise, our job is to make tax agencies understand you cannot afford your tax bill and that a settlement needs to be arranged.  We prepare these statements Cycle Diagramaccording to strict standards that allow you to offer less and pay less. This is why the financial statement preparation is so vital to a successful offer. If done correctly, it can end up saving you a substantial amount of money.

We have found when we prepare these financial statements for tax agencies, they are settling in the range of 2 to 20 cents on the dollar. This means that if you owe $50,000 in taxes, you may be able to settle for as little as $1,000.

Over the span of 14 years, we have become EXPERTS at preparing and analyzing financial documentation. That is what you can expect if you work with us. We have mastered the methods that qualify you for a settlement and allow you to pay less.

It is VITAL to understand that financial analysis and the preparation of tax statements should ALWAYS BE DONE BY A QUALIFIED INDIVIDUAL!  The formulas may seem straightforward, but if done incorrectly, they are a trap that can lead to a rejected offer. 

There are things that the IRS looks for in settlement that the average taxpayer does not know or understand. Never risk time and money by trying to do the financial analysis on your own. 

We have the expertise and experience necessary to help you settle your case with the IRS and save you money.