If your business owes money to the IRS, then this book is for you.
Whether you are going to tackle the problem yourself, or just want to have a better understanding of what your professional representative is doing (or, unfortunately, sometimes not doing), this book is your guide to understanding the whole process.
But we need to get on the same page regarding payroll taxes; hence, I have put forth a lot of information in the first few chapters that hopefully you already know and understand. All of you are approaching this book with a different level of understanding, so I felt it wise to lay some groundwork first.
For those of you that would like to skip right to tax resolution specific information, I would suggest starting in Chapter 4 where I reference different time components of taxes and then you can move into Chapter 5 and the rest of the book.
As a sub-contractor business owner, I know you do not have a lot of time to waste. You wear a lot of hats (sometimes quite literally) managing projects, handling the operations work, hiring and firing staff, and likely also on-site doing labor assignments as needed.
I know it keeps you busy all hours of the day.
Where possible, I will try to keep this information concise, easy to understand, and quickly digestible so you can get back to working on or in your business.
The IRS Code, Manual and Publications are typically anything but easy to understand and digestible, we have tried to do that here.
Before you jump right in, I do want to mention that I respect you for the work you do. I respect you for keeping your chin up in hard times and grinding it out day in and day out in a difficult industry and profession.
I certainly respect you for having the courage to pick up this book in hopes to get your business right with the IRS.
It is not an easy thing to do; yet here you are.
To every hardworking sub-contractor business owner out there that is currently facing the brunt of the IRS collection force, I plead with you to read this book and face them head on. You deserve a chance to get things moving in the right direction. And that is what this book will help you do.
Your tax Business Partner,
Jacob Merkley, EA