Doc. I found an old post of JQ on chat. Here’s what we owe the IRS. MOST OF IT IS PAYROLL TAXES!!
currently the Company is in arrears to the IRS for approx. $2.7 million, mostly for unpaid employee payroll taxes that Wade failed to pay for quite some time. That amount includes penalties and interest, and an IRS attorney was recently retained to start negotiations to bring that total down, hopefully significantly. The plan is to get that situation resolved by entering into a 3 year payoff plan. With that in place, it will allow the Company to begin to aggressively sell the Now Solutions HR software package ( Empath ) into the United States market to rapidly increase the annual revenue of that subsidiary of VCSY. With the current liens by the IRS, marketing within the US is not possible. These negotiations will take some time, and has just begun.
…… Wade will be arrested as soon as his appeal is denied. imo No one gets away with blowing millions $$$ in payroll taxes. NO ONE. That could trigger a lot of big money moving in. Not sure when the judge will take up his appeal application? He made it in time within the30 days but JQ said his application was lacking a lot of pertinent info. The judge could/may throw it out? If he does, it’s Slammer Time! And we’re off to the races. Wade will be gone for a long long time. Serves him right. Nefarious is next imo
AI
