Negotiating a deal with the IRS

07/28/2013 | Fox Business Small Business Center

It is possible for businesses with unpaid payroll taxes to negotiate settlements with the IRS for less than what they owe, writes Bonnie Lee, owner of Taxpertise. The process can be challenging, but the IRS might accept a deal if the statue of limitations for collecting the taxes is drawing near, she writes. "But remember, when the IRS evaluates ability to pay, it looks to the owners as well as to the business," she writes.

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