Tax Tip #8 My Tax Man Gave to Me…

December-Tax-Tips-8

#8 Never use the Internal Revenue Service as your banker

When cash flow is tight, you may be tempted to pay your suppliers first and payroll taxes to the IRS last. The IRS will take steps to minimize the liability as quickly as possible. Pay the IRS first. If you absolutely cannot, contact your local IRS office before they contact you.

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Posted in Tax Planning
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