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Although we had already provided him with 3 previous years financials, we did not provide updated financials for that current year within 20 days, his contracted deadline. But I had informed him that we were working with an IRS revenue officer to alleviate a lien, and that we needed time to work that out first before proceeding. That is the reason that we delayed in providing paperwork. We were very much consumed with the paperwork requirements the IRS was placing on us.
On a side note, in the first year of our contract with him, he only brought one prospective buyer. Is abandonment an avenue we can pursue, as he was not in contact with us for a number of months after the onset of our contract?