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As the April 15, 2024, tax filing deadline has come and gone, many entrepreneurs and small business owners are left grappling with back tax issues. Recent challenges have compounded these problems, making now a critical moment for business leaders to act. Delaying further can exacerbate financial stress and legal repercussions.
Recent IRS data highlights the urgency for entrepreneurs to address their tax liabilities. The IRS, leveraging funding from the Inflation Reduction Act, has significantly increased its enforcement efforts. In 2023 alone, the IRS launched a new compliance initiative targeting high-income non-filers, identifying over 125,000 cases since 2017 as part of a
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