Tax Solutions For The Self-Employed And Small Business Owner

IRS Small Business and Self-Employed Tax Center provides resources to help small businesses and self-employed persons. The IRS website provides important tax information available for all stages of owning a business. The site at www.irs.gov/smallbiz offers the following resources:

Small business educational events
Tax-related news that could affect your business
A-Z Index for Business – find information fast
Employment tax information – federal income tax, Social Security and Medicare taxes, FUTA and self-employment tax

Employer Identification Number online application
Small business forms and publications

IRS videos for small businesses

Other resources available on the IRS website include a tax calendar designed for small business taxpayers, a guide to IRS audits, a virtual small business tax workshop and video and audio presentations.

Tax Calendar for Small Business Taxpayers:

The Tax Calendar for Small Businesses and Self-Employed is a 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. All of this is contained in Publication 1518. 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.

IRS Audit Guide:

Your Guide to an IRS Audit” takes you through the steps of an audit from notification to closing and demonstrate the stages of each type of audit: correspondence, office and field. The videos 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 and consists of nine lessons that can be selected and viewed in any sequence.

The IRS Video Portal:

Tax questions? Tax topics are presented through video 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.