Reply To: Payroll Tax Case-Next Steps

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Steve Odem

Blame QBO. It sort of worked for a former Secretary of Treasury with TurboTax in that the Senate confirmed his nomination. I don’t recall hearing what he and IRS concluded regarding penalties and interest.

Given that he appears to be currently compliant I would think trying to negotiate the penalties could well be productive. I doubt IRS will be so agreeable on the interest but you can certainly ask them.

And there is always an installment agreement.