Can Business Owners Go to Jail for Payroll Tax Debt? For many business owners, falling behind on payroll taxes begins as a financial problem. A company may struggle with cash flow, unexpected expenses, or declining revenue. Unfortunately, what starts as…
If you have followed the news recently, you may be aware that the IRS slashed much of its staff in the past year. These staff cuts affected workers in the enforcement and collections areas. Nonetheless, the IRS is still taking…
The IRS does not have an unlimited amount of time to collect any tax debt that you may owe. They are subject to a statute of limitations that acts as a deadline for them to collect from you. They must…