When it comes to harsh tax law enforcement, small businesses often find themselves in the worst possible position. On top of that, we’ve entered the spring weather season with strong storms and tornadoes impacting small businesses in the Great Plains and Midwest. Major damage claims, and affordability problems with future coverage are sure to follow.
The Internal Revenue Service (IRS) is not making it any easier by continuing to scrutinize a vital insurance tool used by small businesses, most recently with poorly-crafted regulations issued on January 14 of this year.
It’s not difficult to understand why: the IRS can collect more dollars from these taxpayers than it can from everyday wage earners, and small businesses rarely have the resources to fight back against the government. No wonder that small business owners often feel abused by the system.
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