Business owners have an IRS payment coming due well before April federal income tax deadline

New business formation has boomed, and that means more new business owners than ever are dealing with tax season and potential tax nightmares. 

While there aren’t that many tax changes that will affect small businesses in the upcoming tax season, what is new — coupled with evergreen tax issues that tend to trip up small businesses — could cause headaches if owners aren’t careful.

For starters, there’s a big tax bill coming due for many business owners related to the pandemic, well ahead of the April 2023 federal income tax deadline.