On4 Communications Inc (ONCI)

[ApollyonZ]

Onci! The amount owed has little significance. Why is that? Onci was not profitable years back which makes settlement for lawyer and IRS more fluid as criteria for passing qualifiers..”offer in compromise”.

https://www.nolo.com/legal-encyclopedia/can-you-really-settle-your-tax-debt-the-irs-pennies-the-dollar.html

If Ceo wanted to wait it out a10 year statute of limitation he could pay zero back. I doubt he would do that since he already hired a team. IRS has three years from time of filing to audit anyone.

The real delayer is IRS has a big back log for those seeking relief in offer of compromise cases.

https://www.irs.gov/payments/offer-in-compromise

..Request an audit reconsideration if the tax liability is incorrect

https://abajianlaw.com/irs-programs/how-to-negotiate-your-back-taxes-with-the-irs/

Ironically an Audit would help with the IRS settlement, more reason to get it done.

$Onci