Businesses must contend with a multitude of tax issues, any of which can create large problems for the business and its owners. The complexities of business accounting and the tax code often produce complex business tax disputes without a clear answer.
One of the most surprising issues we frequently see affecting small and medium sized businesses is personal liability of the managing individuals for unpaid payroll taxes. Although operating a business through an entity is supposed to protect the owners from individual liability for business debts, many people do not realize there is an exception through which the IRS can take your house and bank account for unpaid business taxes.
The tax law firm of McMahon & Associates exclusively handles tax disputes. Our senior staff has spent decades working for the IRS and we know the process inside and out.
Visit McMahon & Associates for more information.