IRS Unveils Fast Track Settlement Program For Small Biz

Law360, New York (November 7, 2013, 4:46 PM EST) -- The Internal Revenue Service announced Wednesday the rollout of a nationwide program enabling small businesses under audit to quickly settle matters with the IRS, citing success of a similar pilot program launched in 2006.

The Fast Track Settlement program is designed to resolve IRS audit disputes within 60 days, rather than the previous time frame of months or years, and it is now available to all small businesses and self-employed individuals who are under examination by the Small Business/Self Employed Division of the IRS.

The program...
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