Business Tax Problem Resolution with Mike Habib, EA, and Turnaround CFOs

Mike Habib is an Enrolled Agent (EA), a federally licensed tax practitioner authorized by the U.S. Treasury to represent taxpayers before the IRS for audits, collections, and appeals. With over two decades of experience, Mike has resolved complex tax issues for businesses across industries—from small startups to large corporations—nationwide from his Whittier, California-based firm. His credentials include an A+ rating from the Better Business Bureau (BBB) and a Dave Ramsey Endorsed Local Provider designation from 2012 to 2019. Turnaround CFOs rely on Mike because he’s a hands-on expert who delivers results. “I work directly with clients and their CFOs, not through layers of staff,” Mike says. His track record includes settling multimillion-dollar tax debts and halting IRS levies, earning praise like this from a CFO client in Texas: “Mike saved my client’s business from a $300,000 payroll tax mess. He’s our go-to tax guy.” This trust reflects Mike’s expertise and authoritativeness in tax resolution.

Mike Habib, EA, specializes in resolving complex tax issues that threaten a business’s survival. Working with turnaround CFOs, he addresses:

• Unfiled Tax Returns: Missing returns (Forms 1120, 1065, or 1040) can lead to stiff penalties and audits. Mike ensures compliance by preparing and filing delinquent returns, while the CFO gathers financial data to support the process.
• Payroll Tax Disputes (Forms 941/940): Unpaid payroll taxes can trigger Trust Fund Recovery Penalties (TFRP), holding owners personally liable. Mike negotiates settlements and halts collections, while the CFO implements payroll systems to prevent recurrence.
• IRS Audits: Mike represents clients during audits, minimizing liabilities, while the CFO organizes financial records to strengthen the case.
• Tax Debt Settlements: Through OICs or installment agreements, Mike reduces tax liabilities, and the CFO aligns payments with the client’s cash flow.
• Liens and Levies: Mike stops wage garnishments and bank levies, while the CFO stabilizes finances to avoid future IRS actions.
• State Tax Issues: From California’s FTB to other state agencies, Mike handles audits and disputes, with CFOs ensuring state compliance.

A Florida CFO noted, “Mike resolved a $500,000 state tax lien for my client while I restructured their operations. It was a perfect team effort.” This comprehensive approach highlights their authority in tackling serious tax challenges.

Turnaround CFOs work with Mike Habib because he’s a proven expert who complements their financial expertise with targeted tax solutions. Here’s why:

• Specialized Expertise: Mike’s EA credential, earned through rigorous IRS exams, ensures he’s well-versed in tax law. His extensive prior experience in corporate finance, and ongoing education keeps him current on IRS policies, making him a trusted ally for CFOs.
• Direct Representation: Mike personally handles IRS negotiations, offering CFOs a reliable partner who communicates clearly and delivers results. “Mike’s responsiveness is unmatched,” said a Chicago CFO.
• Proven Results: With thousands of successful resolutions, Mike’s track record includes multimillion-dollar OICs and audit defenses, giving CFOs confidence in his abilities.
• Collaborative Approach: Mike works closely with CFOs, aligning tax strategies with their financial plans to ensure long-term client success.

A California CFO shared, “My client faced a $200,000 payroll tax penalty. Mike got it resolved, and I rebuilt their financial systems. We’re a dream team.” This synergy underscores Mike’s trustworthiness and experience.

The timeline varies based on the case’s complexity, but Mike Habib, EA, and turnaround CFOs prioritize efficiency. For straightforward cases with complete documentation, resolution can take 3–4 months. More complex issues, like large tax debts or audits, may require 6–9 months. Here’s the typical process:

• Initial Assessment (1–2 weeks): Mike offers a free consultation to evaluate the tax issue, while the CFO provides financial insights to identify underlying problems.
• Case Analysis (2–4 weeks): Mike retrieves IRS transcripts, and the CFO compiles financial statements to assess the client’s reasonable collection potential (RCP).
• Strategy Development (2–4 weeks): Mike and the CFO craft a tailored plan, such as an OIC, partial pay agreement, penalty abatement, installment agreement, or audit defense.
• Negotiation and Resolution (2–6 months): Mike negotiates with the IRS or state, while the CFO ensures the client’s finances support the plan.

A Dallas CFO recalled, “Mike settled my client’s $300,000 tax debt in six months via a PPIA, while I stabilized their cash flow. It was faster than we expected.” This efficiency reflects their expertise and authoritativeness.

To resolve tax issues, Mike and the CFO need a clear picture of the client’s tax and financial status. Common documents include:

• Tax Records: Prior returns, IRS notices, and correspondence.
• Financial Statements: Profit and loss statements, balance sheets, and cash flow reports.
• Bank Statements: Recent statements to assess financial health.
• Payroll Records: For 941/940 issues, records of wages and taxes withheld.
• Business Documents: Articles of incorporation, EIN confirmation, and expense records.

Mike’s team retrieves IRS transcripts directly, easing the burden on clients, while the CFO organizes financials for accuracy. A Seattle CFO said, “Mike’s team was clear about what we needed, and I handled the financials. It made the process smooth.” This streamlined approach highlights their experience and trustworthiness.

Mike Habib, EA, and turnaround CFOs form a dynamic team to tackle serious tax problems. Mike’s Enrolled Agent status, 20+ years of experience, and A+ BBB rating establish his authority. CFOs bring financial expertise to stabilize operations, ensuring long-term success. Together, they offer:

• Unmatched Expertise: Mike’s tax law mastery and CFOs’ financial acumen.
• Collaborative Solutions: Seamless integration of tax resolution and financial restructuring.
• Proven Success: Thousands of resolved cases, from OICs to audit defenses.
• Trusted Partnership: Transparent, client-focused service that CFOs rely on.

Tax problems don’t have to derail your clients’ businesses. With Mike Habib, EA, and turnaround CFOs, you’re delivering not just relief but a roadmap to financial health. Contact Mike at 877-788-2937 or www.myirstaxrelief.com to start solving your clients’ tax challenges today.