Do you owe the IRS money plus penalties and interest? IRS says you owe $10,543 for nonpayment even if they owe you a refund. of $21,537. You sold your house and didn't get the section 121 exemption and you now ow $235,000. Took out money from your retirement and owe $56,240. Think your accountant asked for an extension but did not? All of these examples happen all the time and are often incorrect. The issue is by the time the IRS send you notice, you have been assessed thousands of dollars of fees and interest. The IRS uses automated systems that screw up all the time. People and accountants/CPA miss information sometimes too. The result, you pissing your pants when you see a letter from the IRS saying you owe $26,790. You should pull your IRS transcripts every year so you don't get blindsided. Go get your transcripts at the link below. (IF you have "ID.me" it works great to log in) There are 1) Account Transcripts. 2) Return Transcripts. 3) Wage & Income Transcripts. 4) Record of Account Transcripts They are much easier to read than tax returns BTW. Get your tax records and transcripts | Internal Revenue Service https://www.irs.gov/individuals/get-transcript If you want more information. Go to the "Actual Tax Law" Community here on Skool run by Jasmin. Watch her videos. She is the best business CPA I have found. I posted a picture of her community and free courses in the attachment.

Did you know the SBA has a loan program specifically designed for small businesses that need a smaller boost to get started or scale up? Here's a quick breakdown of the SBA Microloan Program — and why it might be the perfect fit for veteran entrepreneurs in this community. 🔹 What Is It? The SBA Microloan Program offers loans up to $50,000 to help small businesses and certain nonprofit childcare centers start up or expand. The average loan is around $13,000 — right-sized for early-stage or bootstrapped businesses. 🔹 What Can You Use It For? Microloans are flexible. You can use the funds for: • Working capital • Inventory & supplies • Furniture & fixtures • Machinery & equipment Note: Funds cannot be used to pay off existing debt or buy real estate. 🔹 Repayment Terms • Maximum repayment term: 7 years • Interest rates: typically 8%–13% (varies by lender) 🔹 How Do You Apply? You apply through SBA-approved nonprofit intermediary lenders in your area — not directly through the SBA. Each lender sets their own credit and collateral requirements, so terms will vary. 👉 Find a microlender near you: sba.gov/microloans --- Veterans, this is a solid option if you're looking for startup capital or need a cash infusion to grow without taking on large debt. If you've used an SBA Microloan or are considering one, drop your questions or experience below — let's help each other navigate this!

I'm in the process of selling two of my Self-storage facilities. The buyer didn't want a cap on how much 1st lien bank debt they could leverage. I capped them to assure there is still equity in the property in case they defaulted because I was offering a 2nd position with $1.1M of Owner-Financing. They wanted us to take more risk so they could fully leverage the equity in the property if they had to. We were not about to make that concession. Sometimes it is just best to walk away, even if it is a multi-million dollar payout. Another offer will come.