Sunday, August 21, 2011 7:34:43 PM
The time to simply pick up the phone and call the IRS for an installment agreement has LONG since passed you by...the IRS is looking at the alternative methods....JD has 3 choices now....
1) Remit the entire balance in full immediately
2) Expose the company to a full blown audit in hopes of reaching an installment agreement.
3)continue to ignore the IRS
Remit the balance in full IMMEDIATELY would be the recommended way to handle this.
An audit would expose many,many...*er*...NEGATIVE things and more than likely result in ADDITIONAL TAXES/PENALTIES....BET ON IT! You see... JD has let this go too far...too long...the IRS liens lay claim to every asset....INCLUDING RECEIVABLES...the SHAREHOLDER ADVANCES are RECEIVABLES....OOPS. Ironic...DON'T YOU THINK?
Once the IRS feels they can make a case for slapping JD/glenn(and maybe OTHERS) with the Trust fund tax penalty...and once the IRS has a COMREHENSIVE list of assets held by JD/Glenn(and maybe OTHERS)...well...that's when the fun starts.
Wilkes Holdings anyone??
Pink Sheets...where failing private companies come to die.
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM