January 26, 2011
Small Business Income Tax Tips
Did you know the IRS offers tax help to small business owners through its Small Business and Self-Employed Tax Center? The tax center offers extensive resources and online tools to small businesses and the self-employed.
The IRS Small Business and Self-Employed Tax Center offers tax help resources:
- Small business forms and publications
- Employer Identification Number online application
- Employment tax information – federal income tax, Social Security and Medicare taxes, FUTA and self-employment tax
- Tax-related news that could affect your business
- Small business educational events
- IRS videos for small businesses
- A-Z Index for Business – find information fast using the A-Z listing
The site provides tax tips and important information available for all stages of owning a business. Whether you’re starting, operating, or closing a business, visit the site for federal income tax help
Other tax tips and resources available on the IRS small business website include a virtual small business tax workshop, video and audio presentations, a guide to IRS audits, and a tax calendar designed for small business taxpayers.
The IRS Video Portal:
Tax Questions? Learn about tax topics through video and audio presentations on the IRS Video Portal. The video portal contains archived versions of live panel discussions, archived webinars, video clips, and audio archives of national phone forums.
IRS Audits Video Series:
“Your Guide to an IRS Audit” takes the viewer through the steps of an audit from notification to closing. The video series is composed of scenarios that demonstrate the stages of each type of audit: correspondence, office and field. The scenarios address issues that are common to audits of small businesses.
Virtual Small Business Tax Workshop:
The IRS Virtual Small Business Tax Workshop is an interactive resource to help small business owners learn about their federal tax rights and responsibilities. The workshop contains nine stand-alone lessons that can be selected and viewed in any sequence. The workshop is available online 24 hours a day, seven days a week from any computer. It can also be ordered on CD.
Tax Calendar for Small Business Taxpayers:
The Tax Calendar for Small Businesses and Self-Employed – Publication 1518 – is available online or as a printable PDF file. This 12-month calendar is filled with information on general business taxes, IRS and Social Security Administration customer assistance, electronic filing and paying options, retirement plans, business publications and forms, and common tax filing dates. Each page highlights different tax issues and tips that may be relevant to small-business owners, with room on each month to add notes, state tax dates or business appointments. You can also download the tax events into your calendar or subscribe to the tax calendar events. The calendar provides the small business owner with a ready resource for meeting their tax obligations.
Small business owners and the self-employed should take advantage of the tax tips and tax help provided by the IRS small business website.
Source: irs.gov
Filed under Taxes by










Comments on Small Business Income Tax Tips »
Twitter Trackbacks for Small Business Income Tax Tips | True Tax Facts [truetaxfacts.com] on Topsy.com @ 9:44 am
[...] Small Business Income Tax Tips | True Tax Facts truetaxfacts.com/small-business-income-tax-tips/ – view page – cached Did you know the IRS offers tax help to small business owners through its Small Business and Self-Employed Tax Center? The tax center offers extensive resources [...]