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NEW YORK — Razorfish has submitted a proposal to the Internal Revenue Service outlining a five-year payment plan for $7 million owed in back taxes, a company representative said Thursday. The New York-based i-shop is expected to hear a decision within a month.
“We strongly believe they’ll approve the proposal,” said the company representative.
The back taxes, which date back to early 2000, relate to a series of errors made in remitting holding taxes to the government for four employees.
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