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Software By Bay Announces Offer in Compromise Software - Including new Form 656-A - Required as of November 1, 2003
PARSIPPANY, NJ - Nov. 13, 2003 /Send2Press Newswire/ -- Software by Bay
(www.softwarebybay.com) announced today a new easy-to-use tax software
solution, "Offer in Compromise v2.52," 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, allowing you to
simply input the 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 practically with features
derived from over 35 years of tax practice by former IRS agents.
Unlike any other tax software, Offer in Compromise offers:
- A help button for each line of each form. The Help button links you 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 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
- Internal Revenue Manual Sections (dealing with Offer in Compromise)
- Database containing complete information for all clients.
- Computer generated Form 433-A (Collection Information Statement for
Wage Earners and Self-Employed Individuals), 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
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
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 you have to spend hours researching several different
publications -- it's all there at your 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 you submit an Offer in Compromise or only the Collection
Information Statement, you 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 S/H and available from
Software By Bay.
For more information, please visit the company's website at
Software By Bay, 99 Cherry Hill Road, Suite 300, Parsippany, New Jersey
07054. Phone: (973) 257-1205.
Source of News:
Software By Bay
New Jersey Business Newswire
Software Industry Newswire
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