Profit Pitfalls: 7 Ways the IRS Punishes Successful Founders

William Potter/ShutterstockProfessionally, I’ve been on both sides of the mountain. I’ve built companies that hit $100 million in revenue, and had businesses fail due to a weak foundation. What have I learned the hard way? Success is a double-edged sword.When you’re starting out, keeping the lights on is your biggest concern. But as you scale, another monster emerges: the Internal Revenue Service (IRS). Entrepreneurs are often visionaries, not tax experts. As we focus on product-market fit, the “tax man” quietly calculates a bill that could bankrupt us.