Ep. 252 | IRS Audits: What Business Owners Get Wrong
You think the IRS is scary? Cool. Now imagine TikTok is your tax attorney.
Pietro E. Canestrelli (JD, LL.M.) jumps in to kill the “one weird trick” tax myths and explain how people actually get wrecked: audits, missing returns, bad CPA advice, and the quiet fact that you’re the one holding the bag.
🍸 What you'll hear in this episode:
TikTok “tax hacks” are basically a DIY fraud starter kit.
“Register it in Nevada” is not clever. It’s a trap.
“Everyone should be an S-Corp” is lazy advice. Period.
If the IRS says they don’t have your return… it’s not filed.
The IRS letters feel cold because the system is built to be cold.
The Taxpayer Advocate can hit pause when things go sideways.
Audits are a skills mismatch: they’ve done hundreds… you haven’t.
Keep records forever. Yes, forever.
💡 Notable Takeaway:
Every business owner needs to know that there are giant icebergs out there. We help taxpayers avoid them.
👤 About our Guest:
Pietro E. Canestrelli, JD, LL.M. is a California Certified Specialist in Taxation Law and former IRS attorney who helps taxpayers with planning, audits, and tax debt fights.
🎧 Why Listen:
Got an IRS letter and your stomach dropped? Listen to this episode, then go to ietaxattorney.com and stop guessing.
🔗 Links + Stuff
Website: https://ietaxattorney.com/
Instagram: https://www.instagram.com/ietaxlaw/
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💼 Need funding or working capital?
If today’s conversation raised questions about capital, cash flow, or financing options, you can schedule a conversation with our sponsor, Credit Banc.
Credit Banc helps business owners make sense of their options and move forward with a clear plan, without pressure or guesswork.
👉 Book a free 15-minute call here: https://shorturl.at/LwxsA
📲 Connect with the hosts
Follow along for behind-the-scenes clips, commentary, and things that don’t make it into the episode.
• Matt Meehan:https://www.instagram.com/matthew.r.meehan
• Luigi Rosabianca:https://www.instagram.com/luigi_rosabianca
• The Liquid Lunch Project:https://www.instagram.com/theliquidlunchproject/
💬 One last thing
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Send them the episode. That’s how this show grows.
