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Pay tax first, ask questions later

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in Small Business Tax

If you're challenging the IRS on a tax-return issue, pay the tax you owe now. Don't wait until the dispute is settled. Reason: By paying the amount now, you'll stop the interest meter from running if the IRS eventually prevails. If you win, Uncle Sam would owe you interest on payment you've already made. New procedures for making such payments are spelled out in IRS revenue procedure 2005-19 (see /2005-13_IRB/ar15.html).

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