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To: CO who wrote (2365)	1/31/1998 12:39:00 PM
From: VBH	Respond to of 27968

Thanks..... Sometimes without a scorecard some of these things elude my mind... As always...appreciate your help G

To: CO who wrote (2365)	1/31/1998 8:08:00 PM
From: Jonathan Lebed	Read Replies (1) \| Respond to of 27968

AUDITED FINANCIAL WATCH! 4 HOURS TO GO! TICK..TICK..TICK..TOCK JLebed

To: CO who wrote (2365)	2/1/1998 2:30:00 PM
From: John Fairbanks	Respond to of 27968

I was talking to my Dad just the other night and he was telling me that he is working with a client right now that is in the same situation as Myriad. Apparently the IRS auditor has said basically "Look, we can shut you down right now but we'll let you stay open long enough to sell the business as long as you can rpove you're making a strong good faith effort to do so." It is interesting to note that the actual debt was 4.5MM and not just 1.5MM. The same thing is happening with my Dad's client... the IRS is negotiating with the people who are coming in to buy the business. His client has very little leverage because she needs to take what she can get or the IRS will close the doors. As an incentive to the buyer who will take over the debt, they are willing to reduce the amount and to return the business to complete right standing for the new owners. I had lunch with my pastor the other day and was telling him about the thing and about how it had to be payroll taxes that weren't being paid. He said he could believe it... they used to have to pay the taxes every quarter... then every month, and now the government is making people pay them weekly. Obviously the government is working very hard right now to crack down on this abuse. Again, the way we know it is payroll taxes is because that is the only tax liability where the officers can be held personally liable for a corporation's tax liability.