Daniel HonanFounder, Profitable Painter CPA PLLC · I help painting contractors increase profits & cash flow while reducing taxes♦ Bookkeeping ♦ Tax

Pay Your Taxes on time to avoid fines and penalties. Stay compliant #PaintingBusinessOwners

Name: Pay Your Taxes on time to avoid fines and penalties. Stay compliant #PaintingBusinessOwners
Uploaded: 2023-10-06T17:49:29+00:00
Duration: 24 s
Channel: Daniel Honan
Description: Business owners who can't pay taxes in full can set up a six-month installment plan through the IRS website. Ignoring tax obligations leads to fines and…

6 Oct 2023 · 0 min

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Business owners who can't pay taxes in full can set up a six-month installment plan through the IRS website. Ignoring tax obligations leads to fines and penalties. Get help instead of avoiding it.

You need to pay your taxes. But if you find yourself in a situation where you can't pay, the very first thing I would do is I would go to the IRS website and apply online for a 6-month short-term installment plan. There are ways of dealing with this, and if you can't afford to pay, you definitely have options. Just don't ignore it. That would be the worst thing you can do. So let us know if you have tax matters that you would like some help with.