M&M Financial provides tax debt help to struggling taxpayers nationwide, including Jasper, MO and the surrounding areas.
A quarry owner in Missouri found himself between a rock and a hard place a recently, when the IRS finally demanded full payment of his company’s years’ old $51,381 back payroll tax debt. His problems started when his longtime assistant/right hand woman retired, leaving him in charge of the firm’s tax responsibilities. How difficult could it be to stay on top of a tax bill here and there, he wondered. As it turned out, our Fred Flintstone knew a lot more about coarse aggregate and vibratory feeders than about filing tax returns on time. And by now, the IRS had grown tired of levying the business bank account and getting chump change in return. Now the Service wanted one thing and one thing only: The Whole Enchilada. So when M&M called one monumental day, offering him a responsible resolution to his liability issues, he jumped off his favorite backhoe and on board M&M’s winning team. It was an easy decision. After all, the rocks were in his quarry, not his head.
Our first order of business was to determine the IRS’ plan. What M&M’s Tax Experts learned from our new client’s Revenue Officer (RO), was that the IRS was pushing for full payment, because our client had not been responding to his phone calls and letters. According to the RO, our client didn’t seem to mind that his bank account was being regularly levied, if it meant that his liability was being paid. The problem with our client’s line of thinking was that continued to accrue new liabilities, quarter after quarter. This non-compliance could not continue forever.
M&M’s Expert Negotiators knew right away that our client needed two things, primarily: Time and tax compliance. First, we were able to establish several short deadlines with his RO, to prove that he was willing to cooperate with the IRS. Second, we gave our client a much needed education in tax management. As a result, he resumed making timely Federal Employment Tax Deposits, and filed a number of missing returns. Finally, we helped him complete necessary IRS paperwork, which led to an affordable $1,000 per month Direct Debit Installment Agreement. Now that’s what I call turning fifty yards of mineral ore into a mile-wide smile! And how does our client feel in light of M&M’s amazing work and his company’s subsequent rebirth? Like a Rock Star, I would imagine.
Click here to find examples of M&M’s tax debt resolutions in Jasper and other cities in Missouri.
Tel: (866) 487-5624