Painful Memory Alert: Do you remember Mariah Carey’s simultaneously wooden yet manic facsimile of a performance in “Glitter?” If you haven’t been to the dentist recently, stubbed your toe in a while, or slammed your hand in a car door lately, I implore you to see it. (I hate to suffer alone.) In fact, that unintentional comedy was once referred to by a Huffington Post blogger as “the second worst disaster on American soil of 2001.” Yikes! Or perhaps you recall megalomaniac-Olympic gold medalist Carl Lewis’ trauma-inducing rendition of “The Star Spangled Banner” at a 1993 Chicago Bulls game. After his voice cracked at “red glare,” Lewis stopped and said “uh oh, I’ll make up for it now”, then went on a series of screeching vocal runs that sounded like a burlap sack full of sick, angry cats fighting for air. What lesson can we learn from Carey and Lewis? Stick to what you know, especially when you have a tax liability and your livelihood is on the line.
When talking to prospective clients, we often hear “my accountant is working on it.” Most of the time, the tax debtor is talking about his or her local CPA. Remember, if your accountant is not a CPA, Enrolled Agent or attorney, he or she does not have the authority to represent you before the IRS. And often we receive a phone call from these very same tax debtors when the pumpkin pie hits the fan and their CPA doesn’t know why the IRS or State would take all of the money out of their bank account on payday. Unfortunately, it’s a common story. Most CPAs are skilled at what they do. But take them outside of their practice area, and it’s like David Hasselhoff performing Shakespeare in the Park: “Othello” is no place for a 60-year-old drunk guy squeezed into red bathing trunks.
Regarding IRS and State tax collections, your local CPA is like your family doctor. You go to your family doctor (CPA) regularly for check-ups and answers to common health questions (QuickBooks and tax returns). If your doctor diagnoses you with a serious illness (tax liability), chances are you’re going to a specialist (M&M) with training and experience in treating and caring for your specific illness to help you get healthy again. M&M is that specialist. We’ve dedicated ourselves to helping delinquent taxpayers nationwide to resolve their business and personal tax liabilities. 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.
CPAs have a lot of career path options after getting their license: private sector, public sector, audit prevention, tax analysis, management consulting, financial analysis, cash management, education, fraud prevention, personal financial planning, forensic accounting, tax return preparation, on and on. Tax debt resolution is the dirty work that few CPAs, and attorneys for that matter, want to be bothered with. And more importantly, most CPAs and attorneys don’t have the knowledge or experience needed to successfully guide a delinquent taxpayer through the collection process to a formal resolution and successful request for penalty abatement. By the way, M&M has successfully saved its clients more than $1,500,000 in penalties this year alone. See for yourself.
Chances are your business and/or personal CPA prepares your tax returns to meet his or her business operating costs. Their real money is made when you get audited, or in selling you auxiliary products, such as insurance. Maybe they’ve had a few tax debt collection cases throughout their career. However, most don’t know the ins and outs of IRS and State tax collections. The only way to master tax liability resolution is through training and experience. M&M has been resolving IRS and State tax debts for clients since 2005. Your CPA may have been preparing tax returns for years, but doesn’t know the basics about tax resolution. We know this for a fact. Not long ago, M&M hired a CPA in his 40’s to resolve client cases. He didn’t last thirty days at M&M because he had no idea how to do the job. That was a sobering lesson that we learned the hard way.
But that’s not the only reason we know most CPAs aren’t equipped to resolve your tax debt. Recently a CPA from New York hired M&M after racking up a $264,000 payroll tax debt and waking up each morning afraid his money would be taken from his bank account. We secured a $2,500 per month Installment Agreement to satisfy the total liability and helped him avoid bank levies and other IRS seizures along the way. He was very grateful, because in his own words “your area of expertise is outside of my areas of practice.”
Don’t be a Hasselhoff, complete our contact form HERE, or call us at 866-487-5624 to find out how M&M’s Tax Resolution System can help you.