Imagine getting a letter in the mail stating you owe someone $98,000. Now imagine that someone is the Internal Revenue Service.
Just the mere utterance of the letters “IRS” will give business owners and sole proprietors the chills. As you send in your yearly tax return, you can’t help but wonder: Will this be the year? No amount of hoarding receipts or carefully crafted tax returns can quite prepare you.
In my case, I had a client get a real letter requesting that very real amount of money mentioned above. The total they ended up paying? Zero.
