TAX DEBT RELIEF OPTIONS – Mississippi Department of Revenue

M&M Financial has been successfully resolving back tax liabilities for small businesses and individuals in Mississippi since 2008 and nationwide since 2005.  We deal with the IRS and State taxing authorities for you, so you do not have to!  
Below is some information that will help you start resolving your state tax liabilities.  If you have questions and would like to talk to a licensed Tax Resolution Specialist please do not hesitate to call us at 866-487-5624.

MONTHLY INSTALLMENT AGREEMENT TO RESOLVE MISSISSIPPI BACK TAXES

Business Payment Plans

Mississippi Department of Revenue (MS-DOR) will typically allow a business into a 6-month Payment Plan with a 33% down payment requirement.  The MS-DOR does not offer longer Payment Plans that are formally approved in writing. You may be able to get an informal payment plan with longer terms.

Although an informal payment plan may give you more affordable terms, it may not protect you from enforced collection actions such as bank levies .

Individual Payment Plans

If you are filing a timely tax return with a balance due between $75 and $3,000, you can request a 12-month Payment Plan using Form 71-661.  To have your Payment Plan request approved you need to have a clean track record for the previous 5 years tax compliance.  This means you have not – 

• Failed to file a tax return
• Failed to pay any required tax
• Entered into a similar 12-month Payment Plan

If you don’t meet the criteria for the 12-month Payment Plan, you may need to follow the guidelines under Business Payment Plans above.

REDUCE YOUR MS-DOR TAX DEBT

Offer in Compromise & Penalty Relief

MS-DOR recently placed some information on the website about their Offer in Compromise program.

• Instructions for Entities, Offer in Compromise Agreement
• Instructions for Self-Employed Individuals, Offer in Compromise Agreement
• Instructions for Individuals, Offer in Compromise Agreement
• Offer in Compromise Application Entities
• Offer in Compromise Application Individuals
• Offer in Compromise Application Self-Employed Individuals

MISSISSIPPI TAX RESOLUTION CASE EXAMPLES

The Mississippi Department of Revenue has some flexibility when it comes to back tax liabilities.  Each case varies based on factors such as your compliance history, type of tax owed and total amount past due.  Here are some case examples in your state negotiated by M&M.



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