As a small business owner, youâve probably heard the saying: nothing is certain except death and taxes. But what happens when those taxes catch up to you in ways you didnât expect? Whether itâs an overlooked payment, a miscalculation, or an honest mistake, tax debt can quickly spiral into a source of stress that keeps you up at night. Â
But hereâs the good news: itâs not as hopeless as it seems. Â
Small business owners often think of the IRS as an unbeatable foe, but in reality, itâs an organization that *can* work with youâif you know how to approach the situation. The key is taking action sooner rather than later. Â
If youâve ever avoided an IRS notice like itâs an ex texting, youâre not alone. But burying your head in the sand will only make things worse. IRS letters are scary, yes, but theyâre also your first step toward resolving the problem. The quicker you understand what theyâre asking for, the faster you can come up with a solution. Â