Debt Negotiation Advice
I own a corporation in California, and i owe payroll and federal taxes.Is there any way to negotiate the debt?
My business has not been doing good, so Im behind on the taxes. What would anyone suggest a way to negotite the debt so the penalties dont keep stacking up?
Public Comments
- I hope not.
- pay them.
- communication is the best call and talk 2 them explain the situatioin ignoring will only make itworse
- sure, go to IRS.gov/resolution, or call the toll-free # in the phone book....just have to file some papers, don't be afraid to ask...it's not asking or answering that will get you in more trouble...
- Probably easier to negotiate the federal taxes than payroll taxes. The IRS gets pretty sticky about back payroll taxes, since that's somebody else's money that you withheld from their paychecks, then didn't send in like you were required to. But calling and asking, putting your situation on the table, before you get any further behind would be a good idea.
