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intrusive, and sometimes illegal, collection tactics by the IRS. Small business owners need to know how to resolve business tax audits to protect the future of their businesses.
Generally, owing payroll taxes is the "kiss of death" for many small business owners, and many lose their businesses. Your payroll tax debt and penalties can add up quickly! And it's important to note that the IRS is the only creditor on the planet that can pierce the corporate veil and go after the owners/shareholders/members individually. They do this by assessing what's commonly referred to as the Trust Fund Recovery Penalty (TFRP).
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