Business vs. personal tax debt: trust fund taxes can create personal liability. IRS relief tools include installment agreements, offers-in-compromise, and CNC status. Penalty abatement may reduce or ...

Small business owners face a range of financial challenges now, including inflation, higher operating costs, and potentially slowing consumer demand. These economic headwinds often force entrepreneurs ...

The Tax Cuts and Jobs Act of 2017 placed new limitations on how much interest certain businesses can deduct. These changes are outlined in Internal Revenue Code section 163(j). Businesses with gross ...

Understanding the minimum thresholds for debt lawsuits can help you navigate collections and protect your finances.

Sussman Shank's Garrett Eggen writes that Subchapter V provides small businesses with a previously unavailable means by which they can restructure their debts through ...