Replies to post #195009 on On4 Communications Inc (ONCI)

[Burt Macklin]

How would it be $1.286mill when the Delaware website says $330?

[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

[ulmadi]

Quote:
Because as some suggest the debt is not $329K but over $1.286 million.
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Only $ 1,286 million?

That's a no brainer.

Some say ONCI will make $ 100 million in 2019.
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HEXAGON - "the perfect storm"