Mgo Tax Partner Barbara Webb Says When IRS Catches Up, You Have To Get On An Installment Plan; You Have To Regularly Never Miss A Payment, Stay Current On Current Year's Estimated Taxes, Huge Cash Commitment; They Cannot Afford To Be On An Installment Agreement
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Barbara Webb, a tax partner at Mgo, advises that when the IRS catches up with taxpayers, they must get on an installment plan and maintain regular payments. This requires a significant cash commitment, and some may find it unaffordable.
October 08, 2024 | 5:14 pm
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The article hints at MSOS, which may be affected by regulatory tax issues discussed by Barbara Webb. Companies in the cannabis sector, like those in MSOS, need to be aware of IRS installment plans and cash commitments.
The mention of MSOS suggests a potential indirect impact due to regulatory tax issues. Cannabis companies often face complex tax situations, and the need for installment plans could affect their financial strategies.
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