Time-saving option helps Small Businesses Under Audit.

• Position: IRS news

This IRS announced the nationwide rollout of a program designed to enable small business under audit to more quickly settle their with the IRS. The Fast Track Settlement (FTS) program is designed to help sandi businesses and sell-employed individuals who are under examination by the Small Business self-employed Division of the IRS.

Modeled on a similar program available to large and mid-size businesses those with more than Sit) million in assets FTS uses alternative dispute resolution techniques to help taxpayers save time and avoid a formal...