Is It Real? What Is It Exactly? How Do I Get It? Typically, when you hear someone mention the IRS Hardship Program, they’re referring to Currently Not Collectible status. Currently Not Collectible status is the temporary closure of a collection case because it has been determined that the taxpayer currently cannot pay the back-taxes. However, the tax is still owed, interest and penalties will continue to accrue, and any future tax refunds will be taken and applied toward the balance due. CNC status typically lasts until the taxpayer’s financial situation changes, with a financial review ..read more

WHAT CAN YOU DO THAT I CAN'T DO MYSELF??? We get this question A LOT! It can be difficult to answer, if you don't know the ins and outs of the Tax Collection process. That's because the process to resolve a back-tax liability is pretty standard, that is... until it isn't. A great visual to help answer the question is the Taxpayer Roadmap (created by the Taxpayer Advocate). TAXPAYER ROADMAP Click the link above and follow the arrows. As with most IRS dealings, fixing a back-tax problem isn't always as easy as it should be. Check Out Real Solutions Near You Negotiated by M&M Contac ..read more

Don’t Wait! Some of you are working hard toward resolving your back-tax issues. That's great. Keep it up. But... Some of you are frozen, waiting for something to happen, instead of taking action. Some of you will wait a little bit too long. And, it sucks when that happens. Actually, it also sucks for us when our clients wait too long to address their back-taxes. Don't get me wrong, we love the opportunity to help a client in need, but it can be way more difficult to get the results we're both looking for. A couple times a week or so we get a call from someone that received a propos ..read more

At M&M Financial we’ve been helping businesses and individuals resolve tax debts since 2005.  We’ve helped hundreds of regular people put their tax debts behind them and move on with their lives.  Every month we send out proposals to interested taxpayers all over the country that we’re confident we can help.  Some of them become clients and some of them don’t for various reasons and we can live with that.  What we have a difficult time with is when someone in need of honest help hires a company that makes false promises or has them going in the wrong direction right ..read more

The IRS Collection machine is intimidating.  It’s set up that way to encourage voluntary compliance with stiff penalties, high interest rates and intimidating collection tactics.  Of course, voluntary compliance is the easiest way to avoid the IRS Collection cross hairs.  But for some, extraordinary circumstances cause a lapse in tax compliance and a mounting back tax liability.  If you’re tackling a back-tax liability, especially payroll tax, you need to know how to protect yourself and your business.  One rule to live by while dealing with the IRS Collection group ..read more

If you’re a business owner that owes payroll tax, the assessment of the Trust Fund portion of the employment tax debt can be financially disastrous. The Trust Fund may be assessed to the individual owners and Responsible Individuals of the business. And, the IRS has the authority to simultaneously collect the Trust Fund from the individual(s) and the business. Although the IRS has been taking a harder stance against it, M&M aims to link our business client’s formal Installment Agreement to the business owner’s personal Trust Fund assessment.  This allows the business to pay its ow ..read more

At M&M Financial we’ve been helping struggling taxpayers resolve their back tax debts since 2005.  Each new client over the years has brought a new set of challenges, which is one of the things we love about our jobs at M&M.  Although the basics of fixing a back-tax problem remains basic for us, each business and each person has a different set of circumstances.  As we resolve one client’s tax debt and send them on their way with less stress and a fresh outlook, another client comes to us with a new tax debt and new hurdles. Although many things change over time, we ..read more

M&M helps businesses and individuals nationwide fix their back-tax problems by negotiating payment solutions with the IRS.  Our teams are headed by Enrolled Agents, who like attorneys and CPAs, have unlimited practice rights before the IRS. This means M&M is not restricted as to which taxpayers we may represent and what types of tax matters we may handle. Enrolled Agents are tax professionals with unlimited practice rights, granted by the United States Treasury. Contrary to what you may hear, you don’t need an overpriced tax attorney to represent you before the IRS when y ..read more

Famed day walker and vampire slayer Wesley Snipes once served a three-year prison sentence for tax evasion.  Poor Blade!  A well-known tax protestor, Snipes was charged with six counts of willfully failing to file federal income tax returns by their filing dates, among other serious tax crimes.  Most “non-filers” are not punished so severely.  (By the way, isn’t protesting taxes synonymous with yelling at tornadoes or picketing rainstorms?  In either case, there’s not much we can do to change those circumstances, or our responsibilities as taxpayers.) What if i hav ..read more

If you owe the government taxes, you need solid advice, not a salesman in your ear talking about 10% settlements and personal relationships with IRS employees.  This is not the time to be dazzled by cure-alls and flattery.  You need real substance, solutions that work.   The Offer in Compromise is Not – Based merely on how much you owe,  Based on a percentage of what you owe, or any other eyeball test, and Not everyone qualifies for it.  Those that do qualify have a chance at a real Fresh Start.  Either way, you need to know a few things about the OIC t ..read more