My small business recently went under the water unfortunately and I am currently working on liquidating all remaining assets.
However, due to the US tax system I'm still expected to pay 2 payments of quarterly taxes on profit that I will most likely never earn. (I have enough cash to pay for the one due on June 15). I can technically afford to pay them, but that would require the further selling of various stocks I've invested in for the long term, which would incur capital gains tax.
I'm wondering if there is anything I can do, like reach out to the IRS and explain my situation. I do have a CPA but she charges 250/hour so I thought I'd ask here first, thank you for any help you can offer.
Submitted May 25, 2018 at 08:43AM by eshzL5sV7D2 https://ift.tt/2IIZaqx
