Tax Resolution and Penalty Reduction

Click to find out how M&M’s Tax Resolution System can help you resolve your tax debt.

Check out what our clients have to say about us. If you are looking for a Tax Professional to help you resolve and reduce your tax debt, call M&M. We’ll provide you with a resolution plan tailored to your specific situation, along with several ways to check us out. Client references, the Better Business Bureau, proof of successful tax debt resolutions in your area and of course we have in-house, licensed tax teams to resolve your case. Contact M&M today at 866-487-5624 to talk with a Tax Debt Specialist.

“I just like to thank M&M Financial for assisting me with my tax problem. I had several years of tax returns that had not been filed. I had numerous threats from the IRS regarding garnishing of wages and assets. I was under a lot of stress and health was becoming an issue due to high blood pressure. I was referred to M&M by a tax preparer and it was a blessing. [My M&M Tax Team] reassured me that I was not alone in this fight and they would be with me until we came to a resolution that I would be happy with. I finally “have the monkey off my back” and my health is improving. It’s a great feeling to know there is someone out there who really cares and is willing to help. Thanks again M&M Financial.”

Greg G.
Maryland

Tax Debt Relief Tips – Maryland Comptroller

Do you owe the state of Maryland taxes? Call M&M Financial at (866) 487-5624 to discuss your tax debt with an expert.

If you owe the Comptroller of Maryland, the following information may be of use to you.

• Comptroller of Maryland does have a formal Offer in Compromise program to resolve back tax debt.
• MD Installment Agreements may be approved for up to for 24 months, although a 25% deposit may be required.
• In most cases, Installment Agreements over 6 months must be approved by a supervisor and a tax lien will be filed.
• Some Individual Installment Agreements may be set up online.
• The Comptroller of Maryland may remove penalties for reasonable cause.

M&M Financial assists both businesses and individuals resolve their tax debts with both the IRS and State taxing authorities, including the Comptroller of Maryland. Take a look at some of M&M’s Maryland client case examples near you.

Tel: (866) 487-5624
Email: info@mmfinancial.org
Web: mmfinancial.org

Tax Debt Help Chestertown, MD 21620

Click to see more M&M client case examples in Maryland

Click to see more M&M client case examples in Maryland

M&M Financial provides tax debt relief to struggling taxpayers nationwide, including Maryland (MD). Call (866) 487-5624 for help.

Like the old song goes, “Sometimes it’s a beast, sometimes it’s a breeze.” I hummed that tune the other day after speaking to one of M&M’s Tax Experts about a back tax liability case she had just cured rather easily. The client in question was a MD cabinet maker who had recently been assessed a Civil Penalty. Because he was completely upfront with my colleague about the circumstances surrounding the accrual of his $21,537 IRS debt, and provided us all requested documentation quickly, my talented coworker was able to negotiate a bare bones $330 per month payment plan for her most grateful client. And just like that, M&M put smiles on the faces of all concerned parties!

Are you long overdue for some good luck of your own? Then maybe M&M is the four leaf clover you’ve been looking for! While we don’t promise instant results, our commitment to the resolution of your case will not waver. Let’s talk it over today.

Tel: (866) 487-5624
Email: info@mmfinancial.org
Web: mmfinancial.org

Trust Fund Resolution for Maryland Plumbing Contractor

When the Great Recession first reared its ugly head in 2007, the ripple effect was felt worldwide. Small businesses, historically the first to suffer in times of economic uncertainty, began to fold in record numbers. The housing market, always vulnerable to the fickle nature of the US economy, tanked as well. Then the real estate market followed suit. Caught in the crossfire was the construction industry. Though most contractors are accustomed to navigating their businesses through choppy economic waters, the Recession became a lean, desperate time. Big companies simply battened down the hatches and waited out the storm. Small companies, many of whom lacked the cash reserves to survive months without work, folded in droves.

Those that survived have experienced the worst economic downturn since the Great Depression. Canceled projects, slow pay and no pay receivables, material theft, rising gas and material prices all contribute to working for pennies. Many have had to choose which bills to pay each month, juggling shut-off notices and collection letters. Often times the squeaky wheel gets the grease and the payroll taxes are the expense that goes unpaid. But when the IRS or State does catch up to a delinquent taxpayer, they want the back taxes paid immediately and have the powers to make bring an already struggling business to its knees.

Most business owners have every intention of making up a missed payroll tax deposit, usually with the next payroll. Then it happens again. And before they know it, they’ve accrued thousands of dollars in back taxes. At some point, the IRS comes knocking and wants to be paid in full with penalties and interest. If that’s not possible, the Services will often set up an unrealistic monthly payment. But that’s not the end of it.

The IRS views unpaid payroll taxes as theft, and will hold a business owner personally responsible for a large portion of the payroll tax. The Trust Fund Recovery Penalty or “Trust Fund” portion of the business payroll tax may be assessed to the Responsible Individual(s) that operate the business. A Responsible Individual may be a shareholder, officer, check signer, employee, or any individual responsible for paying the payroll tax on behalf of the business. The IRS may attempt to assess the payroll tax liability to the business and the Responsible Individual(s) in an effort to collect the same tax from as many sources as possible.

If your business owes 941/940 payroll tax, consider retaining representation from a licensed and experienced tax resolution professional. At M&M, we have helped hundreds of small businesses secure reasonable monthly IRS and State Installment Agreements, release bank levies, and abate penalties. We recently helped a Maryland plumbing contractor resolve the Trust Fund Recovery Penalty that was assessed to the business’s Responsible Individuals.

M&M’s clients own and operate a plumbing business. Three family members were assessed the Trust Fund portion of the IRS payroll tax liability. Prior to working with M&M, they secured a formal business Installment Agreement on their own, but the IRS also went after them personally. A husband and wife, and their father were each assessed the Trust Fund.

By utilizing the IRS Fresh Start Initiative, M&M was successful in securing two personal, direct debit Installment Agreements. One agreement for the husband and wife, and one agreement for the father. Each agreement prevents the IRS from filing tax liens on the individuals. In the end, everything has worked out well for this small, family owned business and the owner operators. However, it could have worked out much better had they contacted M&M sooner.  (To find real examples of M&M’s Maryland client case resolutions, go to http://mmfinancial.org/nationwide/maryland.html.)

At M&M, our goal with every business client that owes 941/940 payroll tax is to link the personal Trust Fund assessment to the business Installment Agreement. Doing so puts a hold on the personal collection, while the business pays its own tax liability through a monthly payment. Although attaining this solution is dependent on many factors, M&M has been very successful in securing it for many of our clients.

M&M Financial specializes in resolving business and personal tax liabilities stemming from delinquent 941/940 payroll tax. We have perfected a unique tax resolution system that allows us to work within the strict guidelines set by the IRS and State taxing authorities, ensuring the best possible results for our clients. Complete our contact form at http://mmfinancial.org/contact.html, or call us at 866-487-5624 to find out how M&M’s Tax Resolution System can help you resolve your Trust Fund Recover Penalty issues.