people want to believe that they can settle with the IRS, and in some cases they can. But there are some unethical advertisers who make false promises and prey on that hope
Greensboro, NC (Vocus) June 22, 2010
Most of us have seen or heard the advertisements from companies promising to settle IRS debts for “pennies on the dollar”. Have you ever wondered if those ads are true? Does the IRS really offer deals on tax debt? Now there’s a free software application from easyIRS™, http://www.easyIRS.com, which can separate the promotional hype from reality with a short 60 second test. The easyIRS OIC Qualifier™ is a free tool that enables people with tax debt to quickly assess their eligibility for debt reduction under the IRS’s Offer-in-Compromise (OIC) program. The online tool is fast, free, and completely confidential.
New River Innovation, the parent company for easyIRS, developed the OIC Qualifier as a means of helping people to save money and avoid rip-off scams. Alan Neely, New River CEO, says “people want to believe that they can settle with the IRS, and in some cases they can. But there are some unethical advertisers who make false promises and prey on that hope”. Mr. Neely cites that there are over 100 tax resolutions firms selling Offer-in-Compromise packages at prices ranging from $3,000 - $10,000. He says “the reality is that you have a greater chance of catching a foul ball at a major league game than you do getting an Offer-in-Compromise (OIC) accepted by the IRS”.
In 2009, of the individuals who had a balance due, only 1.1 per 1,000 would qualify to have an OIC accepted. And, for the few hardship cases that qualify, the average cost of settlement is $14,296.45, a figure so high that some of these cases cannot take advantage of the program.
The purpose of the easyIRS OIC Qualifier is to cut through the deception in the marketplace and provide people with a realistic expectation. It is a free, easy-to-use web service that takes less than one minute to complete. By answering five key questions an individual can approximate his or her chances of settling with the IRS under the OIC guidelines. The software will assess a taxpayer’s probability of success and calculate the amount of down payment and total settlement dollars that may be required to satisfy the IRS. For those who meet the criteria, easyIRS will explain the process. And for those who don’t qualify, which are the vast majority, they can avoid $3,000+ scams and focus on realistic ways of addressing their situation.
easyIRS.com offers this tool absolutely free. There are no hooks, gimmicks, or hidden fees. This is just one component of a broader strategy by easyIRS.com to make free tax tools available for people with IRS concerns. Bryan Howell, VP of Software Development for easyIRS, says “our goal is to put cutting edge information and decision making tools in the hands of taxpayers so that they can clearly understand their situation and evaluation options in dealing with the IRS”.
The easyIRS OIC Qualifier is available along with other free online tools at http://www.easyIRS.com under the menu heading “IRS Analysis”. The ideas and inventions of easyIRS.com are based on patent-pending technology developed by the parent company, New River Innovation.
About New River Innovation
New River Innovation, Inc. , based in Greensboro, North Carolina, is solving personal IRS concerns beyond April 15th by automating tax analysis and support. The company employs experts in the field of IRS procedures, tax controversy, and web technology. The executive team has a track record of successful technology startups affecting industry change. New River Innovation is backed by a leading venture capital firm, Intersouth Partners. The company’s flagship website, http://www.easyIRS.com, offers a suite of fee based reports and software applications that diagnose, analyze, solve, and monitor IRS issues. Common issues include extensions, audits, estimated payments, unfiled returns, balances due, collections and enforcement matters, and request for transcripts and income records.
For more information:
Contact: Reed Humphrey
New River Innovation, Inc.
© 2010 New River Innovation, easy IRS™, and the easyIRS™ OIC Qualifier are trademarks of New River Innovation, Inc. All rights reserved.