2 ms·
It sounds like you're making a pretty decent amount of money if you owe $27k. Have you double-checked those numbers? Do they add up using back of the envelope m
by qeorge 16y ago
It sounds like you're making a pretty decent amount of money if you owe $27k. Have you double-checked those numbers? Do they add up using back of the envelope math? Is that all income tax, or did you forget to pay your SS/medicare/unemployment insurance as well?
Either way, fire your accountant. If you're making < $100k/yr, I would probably go without and learn to file them yourself.
Also, the most surprising thing I've found: the IRS is really nice and helpful. They have an 800 number, and although the wait is long, they will spend as much time with you as you need. Everyone wins when your business succeeds, and so they are there to help.