Starr Gern Tax Department Achieves Significant Income Tax Liability Compromise through IRS Offer In Compromise Program

August 2013

Chair of Starr Gern Tax Department Harvey R. Poe and Associate Jeffrey R. Pittard settled approximately $155,000 in potential income tax liability for $1,000 through the Internal Revenue Service’s Offer in Compromise Program.

A Starr Gern client owed a significant amount of tax and penalties thereon as a result of receiving incorrect advice from his former accountant. Due to the economic downturn, the client’s business was suffering financially and his living expenses exceeded his current income. As a result, the firm was able to settle the client’s $155,000 tax liability for $1,000.