TAX DEBT RELIEF OPTIONS – Missouri Department of Revenue

M&M Financial has been successfully resolving back tax liabilities for small businesses and individuals in Missouri since 2007 and nationwide since 2005.  We deal with the IRS and State taxing authorities, so you do not have to!  

If you or your business owes the Missouri Department of Revenue back-taxes we recommend first reading your Taxpayer Bill of Rights.

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.

PAYMENT PLANS TO RESOLVE MISSOURI BACK TAXES

Missouri Department of Revenue (MO-DOR) does not give you a lot of options when it comes to Installment Agreements to satisfy a back-tax liability.  Standard term for a MO-DOR online Installment Agreement is 24 months.  Missouri may allow up to 36-month payment plan, but… 

• Your monthly payment must be $50+/month,
• You will be required to complete business and/or personal financial statement forms supporting your need for a longer term, and
• You cannot get longer than 12 months online.  You will have to speak directly with a state agent for approval.  
• You may be required to pay a down payment of 25% or so, depending on your compliance history.

If you have equity in assets, the MO-DOR may require you to provide a loan denial letter showing you cannot pay the tax debt in full through lending before allowing an Installment Agreement.  

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REDUCE YOUR MO-DOR TAX DEBT

OFFER IN COMPROMISE

For those that qualify, the Offer in Compromise (OIC) is a terrific way to settle a tax debt for less than the total due.  The MO-DOR provides some helpful information about the OIC and eligibility requirements on their website.  

Quick Tip:  Take great care in preparing your MO-DOR OIC Form.  If your Offer is denied, you cannot appeal it!  Best to get it right the first time.

MISSOURI TAX RESOLUTION CASE EXAMPLES

The Missouri 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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