Manage episode 278529565 series 1212684
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.
- 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!
The post Small Business Owners CAN Beat the IRS, With Charles Read first appeared on Business Creators Radio Show with Adam Hommey.