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Financial Consultation

REGAIN CONTROL

Tax | Tax Controversy | Business Management

LEARN WHAT WE CAN DO FOR YOU

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TAX CONTROVERSY

Our professionals have decades of experience representing both Individuals and businesses in front of federal, state and local taxing authorities.  We assist clients in all phases of the audit, appeals and collections processes.  See recent Recent Controversy Matters below

BUSINESS MANAGEMENT & PLANNING

With our team’s experience, we help you and your business navigate some of the most important decisions you make. We have decades of experience providing our clients with comprehensive guidance to evaluate and execute their unique opportunities.

Contract Paper Signing
Tax Controversy

RECENT TAX CONTROVERSY MATTERS

PENALTY ABATEMENT

Multi-year non-filing taxpayer

Secured over $20,000 in penalty relief from the IRS and Comptroller for non-filing individual taxpayer due to medical hardship.

EXAMINATION AND APPEALS

Real estate investor

IRS examined multiple years of taxpayer's real estate holdings. We represented the taxpayer through the examination and the appeals processes.  Successfully reduced the liability from the $250,000 sought to $100,000.

OFFER IN COMPROMISE

Schedule C taxpayer

Schedule C taxpayer with multi-year IRS liability.  We assisted taxpayer in successfully negotiating a $7,000 offer with the IRS on an outstanding liability of $132,000.

BOOKKEEPER NEGLIGENCE

Multiple small business entities

Bookkeeper failed to maintain records and did not file employment, income, personal property and sales tax filings over a six year period for multiple entities.  We negotiated settlements with the IRS, Maryland Comptroller and DLLR for the over $900,000 in liability, brought the taxpayers into compliance and advised on the restructure of the business to maintain it as a going concern.

LONG TERM NON-FILING

Small business taxpayer

After 20 years of non-filing, taxpayer was audited by the IRS.  We negotiated settlements with the IRS, Comptroller and DLLR, and brought the taxpayer into compliance.

EMPLOYEE EMBEZZLEMENT

Small business entity

Employee embezzled substantial sums including, in part, payroll tax deposits. Successfully negotiated $850,000 in employment tax

liability down to $257,000, allowing the taxpayers to pay over time

and stay in business.

EMBEZZLEMENT

Payroll Provider Embezzlement

Successfully negotiated the removal of IRS and Comptroller penalty and interest in payroll provider embezzlement case.

Business Management & Planning
  • Business Structuring

  • State & Federal Licensing

  • Negotiating Investor Financing

  • Buy/Sell Agreements

  • Employment Agreements

  • Operating/Partnership Agreements

  • Shareholder Agreements

  • Sales Commission & Referral Agreements

  • Equipment Lease Agreements

  • Not For Profit Structuring

  • Succession Planning

  • Corporate Governance

  • Securities Registration

RECENT BUSINESS CONSULTING MATTERS

Tax Preparation & Consulting
Men with Calculator

TAX PREPARATION & CONSULTING

We have experience in almost every area of tax and represent clients from a broad range of industries.  We believe in a cooperative approach with our clients.  All tax situations are unique and require strategic planning to minimize liability.

GET IN TOUCH

9475 Deereco Rd., Ste. 306
Timonium, MD 21093

+1 (410) 828-4522

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+1 (410) 828-4522

©2022 by Mark M. Flanigan, P.C.

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