Frequently Asked Questions

There are several ways to possibly reduce a tax debt, but not all of them work for everyone.  The key is to know when and how to use the tools.  The first and easiest is to simply file a correct tax return.  If you don’t file your tax return, the IRS will create one for you, often creating a tax liability.  

Another is the Offer in Compromise, which works great for individual taxpayers that qualify for it and not so great for business tax debts.  M&M can help you determine if you qualify for the OIC.

A 3rd way is to reduce and remove penalties.  If the circumstances that caused you to accrue the tax liabilities fits within the IRS’ “Reasonable Cause” criteria, penalties may be abated. You do not have unlimited opportunities to request Penalty Abatement. M&M can help you get it right the first time. M&M’s Tax Resolution System has saved our clients millions of dollars.

Yes. If you or your business owes back taxes, the IRS and State can take the money out of your bank account without a court order. Avoiding the taxing authorities is exactly what triggers enforced collection actions such as levies and seizures.  If you’ve received letters and notices from the IRS or State regarding your back taxes, these are warning signs and you should take steps now to resolve the issues.

No. Many delinquent taxpayers are under the false impression that a tax attorney is the only professional out there with the authority and knowledge to successfully resolve a tax debt.  This is NOT true. In fact, most attorneys know relatively little about taxes and the complex collection process of the IRS and State taxing authorities.  This is because, just like CPAs, few attorneys specialize in tax controversy, tax resolution or the IRS Collection process. However, M&M’s Enrolled Agents (EAs) practice exclusively in IRS and State tax liability resolution.

Remember, tax debt cases rarely develop into legal battles. Hiring an attorney on retainer who will bill you hourly is not a wise way to allocate funds in a time of financial crisis. If you owe delinquent tax to the IRS or State, you must resolve your tax liabilities within the laws set forth by the taxing authorities. The licensed, seasoned tax professionals at M&M have the backbone and experience to stand shoulder to shoulder with you as we help you resolve your tax debt. After all, we’ve been successfully helping people just like you since 2005.

Enrolled Agents (EAs) have unlimited practice rights before the IRS.  And unlike attorneys and CPAs, EAs are licensed by the United States Treasury, the same government authority that operates the IRS.  M&M’s EAs are licensed to represent taxpayers nationwide and each has been trained in M&M’s Tax Resolution System.

irs.gov states:

“Enrolled agents, like attorneys and certified public accountants (CPAs), have unlimited practice rights. This means they are unrestricted as to which taxpayers they can represent, what types of tax matters they can handle, and which IRS offices they can represent clients before.”

When you hire M&M to resolve your back-tax debt, your IRS form 2848, Power of Attorney will be signed by two or more M&M EAs with more than 10 years’ experience using the M&M Tax Resolution System.  We’ve continuously developed our System since opening our doors in 2005, and we constantly improve it as IRS collection rules and regulations change.

At M&M Financial we offer many tax debt relief services, including:

• 941 Payroll Tax Negotiations
• IRS and State Installment Plans
• Penalty Reductions
• Levy Release Requests
• Trust Fund Protests
• Offers in Compromise
• Appeals

The IRS policies and procedures are the same in all 50 states. Out tax teams are not required to meet personally with the IRS or State Revenue Officer. We successfully communicate with Revenue Officers across the United States via phone, fax, FedEx and email. This eliminates uncomfortable face-to-face meetings for our clients with the IRS and is the most efficient and affordable method of resolution, saving our clients time and money.

M&M charges a start-to-finish fee for each case. We do not determine our fee based on hourly rates and you’ll be ensured the best resolution at an affordable price. We offer flexible payment options, enabling you to see results without having to pay the entire fee up front.

We understand that time is of the essence when you owe back taxes. Upon hiring M&M, our tax teams will engage on your behalf quickly, in many cases, the same day. Some of our client cases can be resolved in a week, while others require much longer. We work quickly and efficiently, making sure every step in M&M’s Tax Resolution System is executed to your advantage. With M&M as your representative, you will be able to rest easy knowing that your tax matter is in good hands. We have over 60 years of combined experience handling cases just like yours!

The IRS can assess hefty penalties for failure to timely file a tax return. Even if you can’t pay the tax due on the return, file the return by the due date to avoid unnecessary penalties. Also keep in mind that the IRS takes non-filing very seriously.  In the most flagrant cases, criminal prosecution has been recommended to those individuals that willfully fail to file tax returns. If you have missing returns, it is best to be proactive and hire representation right away. M&M can help you gain compliance with the IRS and move toward an affordable resolution quickly. Attempting to fly below the radar is not a wise strategy.

M&M is owner operated. We provide the highest level of personal service and accountability available. We do not outsource our tax work. All tax resolution services are performed in house. Large firms may have thousands of other client cases in front of yours. Upon retaining M&M Financial, your entire case will be handled by one of our in-house tax teams led by a licensed tax professional. Your case receives the personal attention necessary to achieve the best outcome. You will never become a number with our firm.

An Enrolled Agent (EA) is a federally-authorized tax practitioner who has technical expertise in the field of taxation and is empowered by the U.S. Department of Treasury to represent taxpayers before all administrative levels of the IRS for audits, collections, and appeals. Enrolled Agents are the only taxpayer representatives who receive their right to practice from the U.S. government (CPAs and attorneys are licensed by the state).

M&M’s tax teams are headed by Enrolled Agents. Our EAs are licensed by the United States Treasury to represent taxpayers before the IRS and are required to demonstrate to the IRS their competence in matters of taxation. Attorneys and CPAs are licensed by the State and are often not experienced in taxation or IRS Collections policies and procedures. Unlike attorneys and CPAs who may or may not choose to specialize in resolving back tax liabilities, M&M’s tax teams practice exclusively in tax liability resolution.

Although the IRS Fresh Start Initiative is no longer active, the Internal Revenue Service still offers expanded Installment Agreements, Offer in Compromise and Penalty Relief options to struggling taxpayers that owe the IRS back taxes.  The options available to you or your business vary greatly depending on how much you owe the IRS, your compliance history and Reasonable Collection Potential (RCP).

Simply put, most people wait too long before addressing their tax liabilities. Delaying the inevitable is the absolute worst thing that you can do. The Ostrich Method does not work. Do not hide your head in the sand. The IRS owns the beach!

Although you may represent yourself in front of an IRS Revenue Officer, we don’t recommend it.  Remember, Revenue Officers are professionally trained and are paid by the IRS to collect your tax debt.  Many people rely on their RO to highlight their rights and options as a taxpayer.  This creates a glaring conflict of interest.  A tax collector should not double as a taxpayer’s advocate, because despite what you may have been told, Revenue Officers do not have your best interest in mind.  Similarly, placing your livelihood in the hands of an attorney or CPA who doesn’t have a working knowledge of your rights as a taxpayer could leave you frustrated and broke.

With your participation, M&M will resolve your tax debt and arm you with the knowledge you need to avoid additional tax debt in the future.  Contact the experts at M&M today for a comprehensive and efficient tax debt relief service you won‘t find anywhere else. Call (866) 487-5624 for a free, confidential consultation with an M&M Tax Debt Advisor.  Don’t wait!