Wow, I just got off the phone with the IRS.
I called because I receive a letter stating a business (that no longer exists) owed money.
Did you know you have to tell the IRS that a business has closed? I didn’t.
Did you know that if you don’t tell the IRS this, they’ll be expecting a tax return from you? I didn’t.
Did you know that the IRS can (and will) file a tax return for you if you don’t? I didn’t.
Oh, and they’ll just guess how much you owe.
Turns out shutting down a business is about as much a pain as starting one up.
I will say, the IRS agent I spoke with was quite informative and friendly.
This is just another example of why we need to go to a flat tax and remove all the BS that goes into our tax code.