When a business closes its doors, many owners breathe a sigh of relief, thinking their troubles are behind them. But what happens when the IRS comes knocking for unpaid employment taxes?

When you run a business, your main focus is often on growth, customer satisfaction, and delivering quality products or services. However, as business owners or individuals responsible for financial management, one area you can’t afford to overlook is employment taxes.

When it comes to managing finances, debt relief can feel like a lifeline, especially for individuals burdened with loans or credit card debt. An often-overlooked consequence of debt cancellation is the potential tax liability that comes with it.