BIG NEWS : IRS Fast Track Settlement Program Announced

Time-Warning_06Last week, the Internal Revenue Service expanded the nationwide “Fast Track Settlement Program” to small business owners who are under audit.  Modeled after a similar program that has long been available to large and midsize businesses (more than $10 million in assets), the program uses alternative dispute resolution techniques to help taxpayers save time and avoid lengthy litigation. As a result, audit issues can usually be resolved within 60 days, rather than months or years, according to the IRS.

 

For more information regarding this program, please visit http://www.irs.gov/uac/Newsroom/Fast-Track-Settlement-Program-Now-Available-Nationwide;-Time-Saving-Option-Helps-Small-Businesses-Under-Audit.

 

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