Small Business Owners CAN Beat the IRS

The Internal Revenue Code (as revised) runs over 5000 pages of fine print. The regulations, manuals and case law fills a substantial library and increases daily.

You cannot ignore the IRS, don’t make that mistake. But just like a defendant representing themselves in court has a fool for a lawyer, a taxpayer who tries to deal with the IRS is a fool.

Anything you say can and will be used against you. You are playing in a game that you don’t know the equipment, the rules, the field or the ball.

It would be like taking a soccer player and throwing him into a pro football locker room with the instructions to get suited up and on the field as a middle linebacker.  He would be completely lost and if he manages to make it on to the field he would be run over and destroyed.

Charles Read is a CPA and US Tax Court Practitioner with more than forty years of tax experience.  His advice to taxpayers is to not talk to the IRS.  Hire a tax professional. Joining Adam, he shares his wisdom on how small business owners should deal with the IRS.

Discover:

• Covid tax provisions and how to use them;
• How to maximize for PPP loan forgiveness;
• What to do when you receive an IRS notice;
• Top 5 tips to avoid employment tax penalties;
• And so much more!

If the thought of dealing with the IRS feels overwhelming and terrifying, this is an episode you don't want to miss!