Offers in Compromise

An Offer in Compromise could be just the Solution you need. Find out today.
Maybe you didn’t know that the IRS has an Offer in Compromise program that can be utilized by the tax payer when liability has been incorrectly assessed or when total liability is more than you can afford to pay.

When presented correctly to the IRS, this might mean your tax liability is entirely eliminated for as little as 5-15% of the total amount.

Our experienced tax specialists can help you determine if you might qualify for an Offer in Compromise, or if a tax payment plan would be the better route for you to go.

Fill out the form at the bottom of this page for a FREE Consultation if you need help solving your tax problems.

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CFPB Small Business Loan Requirements & Your Connecticut Biz

The 2024 federal tax season has reached its end…  well, unless you joined the other 19 million taxpayers and filed for an extension. That’s something we anticipate every year here at Emelia Mensa, CPA. And we’ll be working away the next few months on...

A Warning About Social Media Tax Advice for Connecticut Taxpayers

I’ve had plenty of clients over the years come to me in a terrible position with their taxes because they trusted the wrong person’s advice or fell prey to a scam… or both. In fact, the third most commonly reported fraud is tax refund fraud, and every year...

3 Debt Elimination Steps for Your Connecticut Small Business

Lots going on this week. Namely…The tax filing deadline is Monday, April 15th. For any of our business clients who haven’t yet reached out to us, we can still take you on by filing an extension on your behalf and then managing the filing after. But, remember, you...

A New Retirement Plan for Connecticut Small Business Owners

Well, the U.S. government has decided it can go on spending money – 1.2 trillion dollars to be exact. That means the departments of State, Defense, Labor, Health and Human Services, and Homeland Security are funded, through next September anyway. So the shutdown...

Common Tax Penalties Connecticut Taxpayers Can Easily Avoid

Remember that frantic scramble to file your taxes on April 15th? Procrastination happens, especially with taxes.But a rushed job often leads to a botched job. Why? Because there’s no time to double check to make sure everything is right. Small mistakes can be a big...

Manage Remote Workers Through I-9 Requirements: A How-To for Connecticut Businesses

Double-checking is a motto we live by here at Emelia Mensa, CPA. It’s just good sense when you’re dealing with complicated tax code and people’s returns. No one situation is quite the same with our clients. And you can be sure we’re giving your tax filing a...

Why Retain Connecticut Business Advisors Year-Round

Well, since we’re in full deja vu mode right now with the presidential election bid and this year’s Super Bowl outcome… let’s talk about the Employee Retention Credit… again.Because this week is the deadline for withdrawing ineligible claims — March 22. That’s...

IRS Collection Notices Hitting Your Connecticut Mailbox?

One thing you don’t really want showing up in your mailbox (besides all of those dental office and windows installation ads) is a collection notice from the IRS.And, for two years, you had a reprieve thanks to the IRS halting many of their collection notices so they...

Zero-Based Budgeting in Your Connecticut Small Business

No business management technique is sacred anymore. And rightly so.In my world, there’s been a trend in recent years with businesses moving away from traditional, fixed budgets towards more flexible approaches. I think that could be said for most tasks within business...

Making Your Connecticut Business and Tech Work Together

When I see relevant stats that my business owner friends should know about, I’m going to share them with you. (You already know I’m a numbers person, after all.)But first, a quick note about the business filing deadline.Namely, that it’s a week and a half away (on...

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