Steve PerryA payroll shortfall or unfiled business return can become a personal IRS liability. Learn how IRS matching and trust fund rules connect business and personal tax risk.
Steve PerryA signed partnership agreement does not control IRS procedure. Steve Perry, EA explains why the partnership representative designation, not the agreement, binds the partnership with the IRS.
Steve PerryGuaranteed payments, distributions, and draws follow different tax rules. Misclassifying them can trigger self-employment tax, taxable gain, or underpayment penalties partners do not expect.
Steve PerryPartnership tax risk continues after Form 1065 is filed. See how IRS matching, audit rules, and notice deadlines affect partnerships and partners year-round.