For more information, please contact Rich Stewart:
Phone: 1-877-437-4669 or Email: rstewart@fsiholding.com

Taxpayer Saves $31,000, another Gets $3,700 Refund

Columbia, MD – June 25, 2007 –Two FSI Tax clients are celebrating this week after FSI Tax and the Akosa/Scott team helped them save a combined $53,000 in taxes.

One client, a single father living in New Jersey, came to FSI Tax in December 2006 with a $36,000 tax debt because of under withholding. He was already struggling with a previous bankruptcy, a state tax debt and the increasing cost of his commute to work.

Paulinus Akosa, an FSI Tax Agent, completed negotiations with the IRS through the IRS Offer in Compromise Program and successfully secured a settlement of just $4,767. Akosa and the assigned Case Manager Supervisor Michelle Scott effectively demonstrated to the IRS that the amount offered was the highest possible amount he was able to pay and it was in the best interest of the IRS to accept the offer. Akosa said that reaching these types of settlements are difficult and involve a lot of hard work but are well worth the effort.

“A lot of taxpayers don’t complete their Offer in Compromise because the application process is so time consuming, time sensitive and detailed,” Akosa explained. “But when we call a client with good news of a settlement, we are filled with pride and with the satisfaction you can only get by helping someone in such a significant way.”

Akosa and Scott then went a step further and set the client up with a two-year payment plan because he could not afford to pay the full settled amount in 90 days. In the end, FSI Tax was able to save the client over $31,000 in just about six months. Scott attributes the client’s involvement and cooperation with the process as a major factor in helping them secure the settlement.

“Sometimes a client thinks that when they hire a tax firm, the taxpayer has nothing to do with the process,” Scott said. “Fortunately, this client understood the importance of cooperation, and he promptly gave us the paperwork and information we needed to settle his debt in a very short time.”

Another client recently came to FSI Tax with a tax liability of $22,000 and walked away with no debt and a $3,700 refund. Akosa and Scott initially set her up with an installment plan, but as usual they did not stop there. They helped her re-file her 2002 tax return after realizing some information had been omitted and discovered she did not owe money to the IRS and, in fact, the IRS owed her a refund.

“There’s nothing like digging into a case and uncovering a jewel,” Akosa continued. “When we can actually turn a tax debt into a refund, we have serious cause to celebrate.”

About FSI Tax Corp

FSI Tax Corp was established in January of 2004 with a mission to provide top-quality federal tax resolution services to taxpayers seeking compliance with the IRS. For more information about FSI Tax and the services they provide, please call 888-437-4669 or visit their website at www.fsitax.com.