What To Do If You Are A Business Owner And You Owe Money To The IRS?

Ask The Tax Attorney

Apr 4 2023 • 10 mins

Today's episode of "Ask the Tax Attorney" is a must-listen for business owners struggling with IRS issues. Our host, Claudia Moncarz, shares valuable advice and a powerful framework to overcome anxiety and guilt surrounding tax debts. The first step in the "free framework" is to forgive oneself for mistakes made as a business owner. Next, assess your situation, including the exact amount owed to the IRS. Then, evaluate options for payment and, lastly, engage in taking action, including filing taxes even if unable to pay in full.