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What to Know When Filing Business Taxes Late for Your First Time

If you’re like most people who began their business in 2023, you dreaded your 2023 tax filing with the Internal Revenue Service (IRS). And now, April 15 has passed, and whether you felt prepared or unprepared, you’re going to have to suck it up and file late.

It was the fear, of course. Most first-time filers worry about the same things. The sheer size of the federal tax code terrifies a lot of small business owners, home business operators, and side hustlers. They fear making errors. Horror stories about what the IRS will do when mistakes are made can chill the spine of any independent contractor.

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