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 has the ability to pursue you for back taxes, and they can assess penalties and interest. Beyond that, the IRS has the ability to conduct its own criminal investigation. Depending on the results, the IRS may refer you…