[IMGCAP(1)]At one point we had a client that was going out of business and they asked us to negotiate a final settlement with the IRS where the two partners could walk away broke but without being in debt to the IRS for unpaid withholding taxes.
Neither my two partners nor I had experience at that time in this. I suggested that we bring in an expert, and I would ask my MBA tax professor if he did consulting. He said he did, but when I told him the issue he looked down at it. He said that wasn’t real tax work and he didn’t get involved in that sort of stuff. We told this to our client and offered to try to help them but said if we couldn’t we would not charge anything.
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