Penalty Abatement

The IRS has a wide range of circumstances that are considered “Reasonable Cause Criteria for Penalty Abatement.” If any of the following have contributed to your tax accrual, you may be eligible for penalty relief:

Ignorance of the Law, Forgetfulness, Mistake was Made, Death, Serious Illness or Unavoidable Absence, Unable to Obtain Records, Statutory Exceptions, Undue Hardship, Written and Oral Advise from the IRS, Advise from a Tax Advisor, Fire, Casualty, Natural Disaster, or Other Disturbance.

Send us the facts leading to the accrual of your tax liability. We’ll prepare and submit your Penalty Abatement request and go thru the proper channels within the IRS to give you the best chance of penalty relief. M&M has been successful in removing hundreds of thousands of dollars in penalties. Contact M&M to learn more.

Levy Appeals

Bank levies and account receivable levies can bring your business to a complete stop. M&M will fight to get your levy released. We know your rights and if necessary, we’ll go to all appropriate levels of the IRS and State to get the levy released. We’ll also make sure it doesn’t happen again.

By preparing and submitting a formal Appeal on your behalf M&M may be able to stop the IRS from issuing levies and seizing assets. A formal Appeal will allow you the time and space needed for M&M to secure a resolution to your tax liabilities. Contact M&M to learn more.

Installment Plans

As your representative, we will get you the time and breathing space you need and negotiate the monthly payment that works best for you. Contact M&M to learn more.

Partial Payment Installment Agreement – Secure a payment plan that ultimately will not pay the total tax debt in full.

Multiple Tier Installment Agreement – Secure a payment plan that starts low and increases over time according to your cash flow.

Reduce Penalties – A reduction in penalties will shorten the term of your payment plan and save you money.

Offer in Compromise

M&M’s experience in preparing and calculating Offers in Compromise will give you the best opportunity to save thousands of dollars on your tax debt. Once we have determined that you are eligible and qualify for the Offer, we will calculate, prepare and submit your Offer in Compromise for acceptance. Contact M&M today to see if you qualify.

Trust Fund Representation

• Trust Fund Recovery Penalty - The IRS has been given the ability to "pierce the corporate veil" and assess certain business tax to individuals. These taxes are called Trust Fund taxes and include payroll tax among others. M&M may be able to help you avoid the personal assessment altogether. In certain cases, M&M can set up a resolution that will allow your business to satisfy its own tax liability, keeping the IRS from collecting on you personally.
• Is the IRS attempting to assess the Trust Fund portion of a business tax liability to you? M&M can prepare and submit a formal Protest to Appeal the assessment on your behalf.
• State 100% Penalty Assessment - Most state taxing authorities have been given the ability to "pierce the corporate veil" and assess 100% of certain business tax, penalties and interest to responsible individuals. These taxes include payroll tax and sales tax among others. M&M may be able to help you avoid the 100% Penalty Assessment altogether. Contact M&M to learn more.

Business Restructuring

Does your business need a fresh start? Is the pressure of the IRS too much? In certain cases, it may be beneficial to close your current business and continue operating as a different business entity. This resolution strategy may also save you thousands of dollars in the process. M&M will advise you of your legal options and responsibilities when changing business entities. We can assist you in the shut down of your current business and the start up of your new business entity. Contact M&M to learn more.