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What to Do When Your Business Owes Back Taxes
If you are a business owner, you may have too much work so that tax deadlines catch you off-guard. As such, it's not uncommon for the stressed-out small business owner to owe back taxes at some point during your career. After all, a small business owner needs to itemize deductions and complete the IRS 1040, Schedule A, Schedule C, and Schedule E forms, among other documents. Besides being time-consuming, navigating these documents can easily result in errors that can cost you heavily.