Click to see more of M&M South Carolina Tax Debt Resolutions
A SC chiropractor, in business for over 40 years, recently hired M&M to help him solve a crippling $36,887 IRS back tax dilemma. The Tax Experts soon learned that our client had not only been neglecting his Federal Tax Deposit (FTD) and tax return filing responsibilities, but his bank account had been levied twice by the Service.
With our chiropractor’s business in free fall due to his non-compliance with the IRS, M&M immediately began educating him as to the crucial nature of making timely FTDs, and filing and paying tax returns on time and in full. As our advice and direction quickly took hold, we were able to prove to the Service that our client’s focus moving forward was maintaining current tax compliance.
M&M Financial helps struggling taxpayers resolve IRS and South Carolina Department of Revenue liabilities. Call (866) 487-5624 to discover your options.
If you owe the South Carolina Department of Revenue, the following information may be of use to you.
• South Carolina DOR does have a formal Offer in Compromise (OIC) program to resolve back tax debt. Generally, you must submit 10% of the offered amount with your OIC.
• SC-DOR Installment Agreements generally require a 10% down payment and come with a fee of $45 to set it up. Use form FS-102 to request your IA.
• An important to item to remember before setting up your SC-DOR IA is that a tax lien will most likely be filed with your IA approval. The tax lien will negatively affect your credit score.
• A request for waiver of penalties may be requested in writing. SC DOR may abate penalties if taxpayer qualifies under the DOR’s waiver guidelines – similar to that of IRS guidelines
M&M Financial assists both businesses and individuals resolve their tax debts with both the IRS and State taxing authorities, including the South Carolina DOR. Take a look at some of M&M’s South Carolina client case examples near you.
According to the National Association of Tax Professionals, South Carolina tax returns have been compromised by an international computer hacker. The perpetrator hacked into the South Carolina Department of Revenue database, accessing more than 3.6 million income tax returns dating back to 1998. The compromised information included Social Security numbers and credit card/debit card information. The State of South Carolina will pay for a year of identity theft protection through Experian, for those whose information has been compromised. If you’ve filed a South Carolina tax return from 1998 through the present, call (866) 578-5422 for more information.
If you are in need of IRS or State tax debt help, contact M&M Financial. We’ll guide you through the confusing details of your tax debt, and help you resolve it once and for all.