Small Business Law with Steve Fireman: IRS and Small Business Installment Agreements

January 18, 2012 § Leave a comment

Hopefully, you won’t need this information because you are current with your federal taxes. However, should you find yourself behind with the IRS, here are some things you must know this tax season:

The IRS has streamlined its Small Business Installment Agreement process and has now made these agreements available to more businesses. The IRS has raised the dollar limit to allow more small businesses to participate. Now, businesses with $25,000.00 or less in unpaid tax liability may be eligible for the installment agreement program (historically, it was businesses with $10,000.00 or less). The small business participants have 24 months to repay the liability.  For more information, visit www.irs.gov or contact me at sfireman@ecdi.org.

Advertisements

Tagged: , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

What’s this?

You are currently reading Small Business Law with Steve Fireman: IRS and Small Business Installment Agreements at Invest! Educate! Innovate!.

meta

%d bloggers like this: