Interest and Penalties Cost More Than Your Original Tax Bill

Interest and Penalties Cost More Than Your Original Tax Bill

When most business owners think about the IRS, they imagine a tax bill for the amount they actually owe. What often comes as a shock is that interest and penalties can quickly surpass that original balance—sometimes doubling or even tripling it. In fact, many businesses discover that the IRS’s extra charges, not the tax itself, … Read more

5 Tax Debt Warning Signs That Signal Trouble Ahead

Tax debt warning signs

Tax problems don’t usually blow up overnight—but they do give off warning signs. If you’re dealing with IRS or state tax debt, there are clear indicators your situation is about to escalate from frustrating to urgent. Knowing what to look for can give you just enough time to act before you’re hit with major penalties—or … Read more