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Small Businesses May Qualify for IRS Express Installment Agreements

Per the IRS:

"Small businesses with unpaid employment taxes may qualify 

for an In-Business Trust Fund Express installment agreement."

The business must owe $25,000 or less at the start of the installment agreement, be current on other filing and payment obligations, and the debt must be paid in full by the earlier of: 24 months from the start of the agreement, or the Collection Statute Expiration Date. Other conditions may apply as well.

For more details, go to:

http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/In-Business-Trust-Fund-Express-Installment-Agreement

As always, consult your tax advisor before taking any actions based on this or any other information.