How do I know if my business is in tax trouble?
Entrepreneurs justifiably take great pride in their business. But this pride often gets in the way of a clear understanding of the risk of continuing to operate into a storm of IRS trouble. The IRS comes down hardest on businesses with tax troubles, and owners and management are usually implicated as well.
Here are a few [...]
Go back six years to get current on unfiled returns.
In most cases, the IRS will require the past six years of unfiled tax returns for an account to be considered current. This is a written directive of the IRS, found in IRS Policy Statement 5-133, “Delinquent Returns - Enforcement of Filing Requirements”.
If the unfiled returns have a balance due, the amount you owe will double [...]

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