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Re: Acc441 post# 100053

Sunday, 08/21/2011 7:06:35 PM

Sunday, August 21, 2011 7:06:35 PM

Post# of 103340
I certainly did post this and thanks for quoting me correctly..

"the company can just pay back the taxes on a scheduled payment agreement"..

The statement is correct..The IRS is more than willing to work with the company to get the money owed..

You seem to think otherwise..Your thoughts are wrong..There are now many posts on the subject..yet all that had to happen was for the company to contact the IRS and work with them..

Now a question to you..Have you called or emailed the company and asked them any of the questions you have on this topic?? Do you know if they have contacted the IRS?? I would say that the answer to that question is..No..My proof is your continued posts talking about what may happen if the back taxes are not paid..

I do not rely on a message board for my DD..Please do your own DD to stay current on this subject..

Oh..and there are many links to this topic that do actually say what the IRS does allow in this situation..Here is one quote if a company has failed to pay back payroll taxes..

"Not paying back payroll taxes will result in the IRS sending you a series of letters notifying you of how much you owe, what the next step is, and what you can do to get back on track. If you ignore these IRS notices, the final notice will come via certified mail, alerting you to the fact that the IRS intends to use alternative methods - such as tax liens and tax levies - to receive payment."

"The best thing to do if you cannot pay back your delinquent business payroll taxes is contact the IRS to set up an "installment agreement". With an installment agreement in place you will still owe your original payroll taxes - as well as the amount agreed upon with the IRS."

"If you cannot pay the IRS the payroll taxes that are due, you must contact them to discuss your options. The worse thing that you can do is avoid the situation, letting penalties and interest accumulate and finding your balance spiraling rapidly out of control."


As far as quickly answering your questions concerning the company in this venue..

First..I don't spend every waking hour on message boards..I am a shareholder of the company and I don't have the same concerns you seem to have..

Second..I don't speak for the company and shareholders can and do get answers from the company when we have questions..So if you have further questions..please submit them to the company..or attend the shareholder's meeting..which is now one month from tomorrow...veno







To each their own..do your own DD..and the longs win here..All others are non shareholders or flippers..