Insynq Pays Off IRS

Print
Email
Reprints

Insynq, which markets online accounting applications, has paid off delinquencies owed to the Internal Revenue Service, which had placed tax liens against the company.Insync paid $429,000 in past tax obligations. The company had revenue of $321,537 for its first quarter ended August 31, up from $300,706 a year ago. The company lost $266,747 in the most recently ended period, a swing from earnings of $1.4 million a year earlier. Last year's income was primarily the result of a $1.8 million gain on forgiveness and settlement of debts.

Comments (0)

Be the first to comment on this post using the section below.

Add Your Comments:
Not Registered?
You must be registered to post a comment. Click here to register.
Already registered? Log in here
Please note you must now log in with your email address and password.

Register now for FREE site access and more