Joshua Wu was quoted by Fit Small Business regarding avenues to deal with unpaid payroll taxes.
“There are a number of ways a business can work with the IRS to settle outstanding payroll tax liabilities” according to T. Joshua Wu, Partner at Greaves Wu. “These range from installment agreements to offers in compromise to currently not collectable. Installment agreements allow taxpayers to enter into a payment plan to settle outstanding payroll taxes. These are typically done in equal monthly installments. With an offer in compromise the taxpayer can ask the IRS to settle payroll taxes for less than the full amount.”
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