As a small-business owner, you have good odds of someday facing a penalty for late filing and/or late payment of your or your corporation’s federal income or payroll taxes.

When you receive the penalty notice from the IRS, it’s likely you will think that you have to pay the penalties.

That may not be true. We know many of the rules of the penalty road, and it’s quite possible that we can use one of those rules to either make your penalties go away altogether or substantially reduce them.