Gulf Coast: (228) 591-1244
River Cities: (601) 501-7221
JACKSON (MS)
125 S. Congress Street
Capital Towers, Suite 1240
Jackson, Mississippi 39201
(601) 965-6155
GULF COAST (MS)
2501 14th Street
Toggery Building, Suite 208
Gulfport, Mississippi 39501
Gulfport/Biloxi: (228) 591-1244
Pascagoula: (228) 202-1188
RIVER CITIES (MS)
1120 Jackson Street, Suite A
Vicksburg, Mississippi 39183
Vicksburg: (601) 501-7221
Natchez: (601) 965-6157
Law Office of James G. McGee, Jr. pllc
Attorney at Law
This alert states "The OIC may be considered only after other payment options have been exhausted. If taxpayers are unable to pay their taxes in full, there are other payment options, such as monthly installment agreements, that must be explored before an OIC can be submitted."
While Offers in Compromise are accepted by the IRS, it is usually when the taxpayer has experienced extreme financial hardship, has very little equity in assets, and has limited future earning potential. The IRS has formulas to determine if a taxpayer is even eligible for an Offer. If a "tax professional" advises you to file an Offer in Compromise without conducting some preliminary financial analysis, I would recommend asking more questions or even getting a second opinion.
* 2012 Super Lawyers Magazine, again, selected McGee as a Mid-South (MS, AR, TN) Rising Star in the practice area of Tax Law;
RESOURCES
IRS HOME
MDOR HOME
U.S. TAX COURT
WALL STREET JOURNAL
KIPLINGER
KIPLINGER - TAX
FORBES
FOX NEWS
CNN
MISSISSIPPI LEGISLATURE
U.S. SENATE
U.S. HOUSE
CALENDAR
IRS - SMALL BUSINESS
FEDERAL HOLIDAY CALENDAR
INSIDE POLITICS
CNN Electoral Map: Do the Math
Fox News: $100 Billion Tax Question (Video)
Dick Morris Op-Ed: Obama's Coming Taxes
Real Clear Politics: Latest Polls
I'm Jimmy McGee, a Tax Attorney conveniently located in downtown Jackson, Mississippi. During my legal career, I have represented hundreds of taxpayers in cases involving the IRS, the Mississippi Department of Revenue ("MDOR"), and Criminal Investigations for Tax Evasion & Tax Fraud. I have focused my law practice on developing real solutions in defending against IRS tax collections; utilizing administrative and judicial tax appeals; and, structuring taxpayer compliance plans.
In addition to being licensed to practice law in both federal and state courts, I also have extensive work experience in tax and financial accounting. Having served for a number of years as the Chief Financial Officer of a Dallas-based insurance brokerage firm, I have personally experienced the frustration of working within our complex and impersonal tax system.
As a tax attorney, I have seen the frustration and anxiety felt by taxpayers that are simply trying to resolve their issues with the government. If you're frustrated; if tax problems are causing you sleepless nights; or, you simply feel like there is no end in sight, please call me today. Real solutions do exist. Together, we can find one for you. I look forward to hearing from you.
FROM THE IRS
IRS Offers New Penalty Relief and Expanded Installment Agreements to Taxpayers under Expanded Fresh Start Initiative
IR-2012-31, March 7, 2012
WASHINGTON — The Internal Revenue Service today announced a major expansion of its “Fresh Start” initiative to help struggling taxpayers by taking steps to provide new penalty relief to the unemployed and making Installment Agreements available to more people. Read More.
IRS Shows Continued Progress on International Tax Evasion
IR-2011-94, Sept. 15, 2011
WASHINGTON — The Internal Revenue Service continues to make strong progress in combating international tax evasion, with new details announced today showing the recently completed offshore program pushed the total number of voluntary disclosures up to 30,000 since 2009. Read More.
Prepare for Hurricanes, Disasters by Safeguarding Tax Records
IR-2012-60, June 11, 2012
WASHINGTON — With the early start of this year’s hurricane season, the Internal Revenue Service encourages individuals and businesses to safeguard themselves against natural disasters by taking a few simple steps. Read More.
IRS Announces New Voluntary Worker Classification Settlement Program; Past Payroll Tax Relief Provided to Employers Who Reclassify Their Workers.
IR-2011-95, Sept. 21, 2011
WASHINGTON – The Internal Revenue Service today launched a new program that will enable many employers to resolve past worker classification issues and achieve certainty under the tax law at a low cost by voluntarily reclassifying their workers. Read More.
