The IRS tells you that your business owes $100,000 in back taxes. You have no idea what you’re going to do. Yes, you made some tax mistakes, but that doesn’t change the fact that your company is not sitting on $100,000. You just started this business, and you’re...
Month: January 2021
How to prepare for an audit
The thought of an audit from the IRS commonly leaves people with a massive sense of dread. Audits have a notorious reputation as one of the most challenging legal hoops that someone needs to jump through, and a bad result in an audit can have considerable...
How can you handle a substantial amount of outstanding tax debt?
Financial success is often a double-edged sword. It can provide you with a higher standard of living, but you will likely also incur substantially more expenses as well. Additionally, earning more money can mean that you have to pay more in taxes. High earners may...