7 Big Tax Mistakes Business Owners Make & How to Fix Them
LyfeAccounting
MAY 18, 2021
So as mentioned before, pay at least 110% of the prior year’s tax and that should save you from failure to pay penalties. Tax Mistake #6: Having inactive or dead LLC. Did you file tax returns during those years it was inactive? Tax Mistake #7: Failing to be taxed as an S-Corporation. Don’t feel bad.
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