What is the name of your state (only U.S. law)? Georgia
I am an employer in Georgia. In 2007, cash flow was very tight and I was not able to pay the Fed. Income Tax for 6 pay periods (weeks). Now I have the money and I wanted to do the right thing but I found out they have tacked on $15,000 worth of penalties and interest.
Is there someone I can talk to to see if they can reduce the penalties and interest?
I have gone to the office and had no luck. I have heard of an "offer in compromise". Is that the only way?
I am an employer in Georgia. In 2007, cash flow was very tight and I was not able to pay the Fed. Income Tax for 6 pay periods (weeks). Now I have the money and I wanted to do the right thing but I found out they have tacked on $15,000 worth of penalties and interest.
Is there someone I can talk to to see if they can reduce the penalties and interest?
I have gone to the office and had no luck. I have heard of an "offer in compromise". Is that the only way?