Jun. 8, 2026
I've been paralegal for 35 years working with tax attorneys and can tell you from experience that this would be terrible for the IRS. Businesses are unable to pay their taxes quarterly will be insolvent in the future because they won't be able to make up the back taxes they will owe. Penalties and interest alone on IRS matters make our country a ton of money and we should not be giving it away to people who do not want to maintain their books..