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About Jay Allen Finn, CPA
Expertise
IRS Audits. All Collection Tax problems; specifically but not limited to, delinquent returns, bank levies, liens, garnishments of wages, Also specializing in Offer in Compromise. Limited to 1040/ personal tax issues

Experience
27 years experience as a CPA in the IRS defense area following a position as an IRS Auditor in the oil and gas industries.

Organizations
Texas Society of Certified Public Accountants (Peer Assistance Committee), Houston Chapter of the Texas Society.

Publications
Submit your articles.com

Education/Credentials
BBA - Bachelors of Business Admin., Magna cum laude, Series 6 and 68 - Registered representative, Series 65 - Financial planner.
Certified Public Accountant
 
   

You are here:  Experts > Business > Corporate Law > Tax Law (Questions About Taxes) > Where Do I Start?

Topic: Tax Law (Questions About Taxes)



Expert: Jay Allen Finn, CPA
Date: 7/13/2008
Subject: Where Do I Start?

Question
Jay- It's a mess.  I havent paid taxes in over 7 years and the IRS has placed a lien for $28k.  I just moved to CA from Florida and am in the process of finding a job.  I sincerely want to clean this up and settle my consumer debt (about $45k) and don't know where to start.  There are legions of companies making amazing promises and I'm not sure what criteria I should look for before making a choice of who to hire. Any guidance would be amazingly helpfull.  Thank you for your time.  ~ Adam

Answer
Adam,

Actually where you start is to check my website and give me a call but I don't know if I can simply answer a question that way?

IRS taxes can be put off especially if you have no means to pay at all.  Preparing your taxes is not excusable but won't get you to jail.  The liens or any possible levy they may find will never go away without you being in compliance (which means to prepare the returns). For those unable to pay or owe over $25,000, this requires negotiation showing a financial statement and 2 turndowns for a loan.

Re: Consumer debt - You can't get blood out of a turnip but it takes some finesse to get the credit people to leave you alone even if you have little or none to pay.

After you have digested this much or take my advice in paragraph one, write me back?

Jay

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