LMU Secures $7k Payment for Ohio Freight Company facing IRS liability of nearly $600,000.

A freight hauling company in Dayton, Ohio faced a substantial IRS liability of nearly $600,000.

While the genesis of the liability stemmed from non-timely payments from customers, the

company was obligated to address the debt and find an amicable and voluntary resolution. The

prospect of negotiating directly with the IRS to establish an Installment Agreement, while also

understanding the nuances with the IRS to preserve the company’s funding relationship, was an

overwhelming challenge for the owners of the company. For that reason, the company engaged

the resolution services of LMU Consulting Group and one of their senior consultants, Enrolled

Agent Yelda Mohmand.

Through persistent and aggressive negotiation on the company’s behalf, LMU Consulting Group

resolved the company’s IRS liability by formalizing an Installment Agreement calling for $7,500

per month payments and making certain OTR Financial remained in a protected status with

respect to the IRS proposing or taking any involuntary collection measures.

Since the company began working with LMU Consulting Group and Ms. Mohmand, resolution

to the IRS liability has been achieved through the following order of operations:

 Closely communicating with the enforcement division of the IRS to ensure no enforced

collection action (i.e., levies to the company’s bank accounts or income sources) could be

pursued.

 Reviewing options and evaluating financial information with the business owners to

prepare and submit necessary documents to the IRS to meet established deadlines and

build rapport with the IRS collection agent.

 Persistently advocating for and ultimately establishing an affordable payment plan

requiring only $7,500 per month payments toward the liability. As is often the case, the

IRS collection agent requested a far more aggressive repayment schedule; however, by

understanding the IRS’s process for memorializing agreements and by leaning on

experience, Ms. Mohmand was able to establish this sustainable and affordable plan for

the company.

 After establishing the Installment Agreement, Ms. Mohmand immediately shifted her

focus to negotiating a Certificate of Subordination to protect OTR Financial’ s collateral.

Ms. Mohmand understood the importance of the company’s lending relationship and

worked relentlessly in pursuit of an IRS resolution that allowed for the lending

relationship to be preserved.

The following statement from the business owners best describes the work and peace of mind

provided by Ms. Mohmand and the team at LMU Consulting Group:

"We are so thankful for Yelda's guidance through this stressful process with the IRS. Her

dedication and professionalism were apparent in all our communications and assuredly generated

such a positive outcome. Because of her hard work, we have a manageable payment plan with

the IRS and continued support from our lender that allows us to focus on running our business."

In addition to the satisfaction of the business owners, the following statement from OTR

Financial reinforces the quality of services provided:

"We were thoroughly impressed with Yelda's knowledge of the IRS's processes and procedures.

She kept us informed every step of the way and advocated aggressively with the IRS for our

mutual client. We are very pleased with the payment plan Yelda established with the IRS and that

she protected our collateral throughout the process. We highly recommend Yelda and the team at

LMU Consulting Group to anyone who requires assistance with resolving an IRS issue."

-Nick Garcia, Regional Vice President of Regional Sales, OTR Financial

LMU Consulting Group’s team of Enrolled Agents well-versed in tax requirements and

resolution of IRS liabilities have a history of successfully resolving the most complicated tax

situations. LMU Consulting Group thoroughly evaluates each client’s complex financial situation

and offers tailored resolution options. Not only does this bring about mutually beneficial

conclusion for their client’s and their lenders but, most importantly, it allows their clients to

return their focus to day-to-day operations while having the confidence that the IRS matters are

in good hands.