10 Ways Small Business Owners Get in Trouble with the IRS

Since we're in the middle of tax season, I thought I'd write an article about some common tax-related mistakes made by small business owners. The article also includes some very handy links to a variety of IRS publications that small business owners should read.

When I started my business, it didn't take long for me to get into deep water with the IRS. I was not trained in business or finance, and most of my mistakes were made through ignorance. Some of the holes I dug for myself took years to climb out of.

If you're thinking about starting a new business or if you have already started a business, please learn from the mistakes of others who have gone before you. You can spare yourself a lot of heartache - not to mention thousands of dollars in penalty and interest!