The IRS provides a great deal of useful information for businesses at various life-cycle stages. Numerous resources are set forth below that will get you started but there is no substitute for talking with a tax advisor or accountant that understands your particular business situation.
- Starting a Business Links to basic Federal tax information for people who are starting a business.
- Operating a Business Links to information relevant to operating the business such as recordkeeping requirements, business name changes, estimated taxes and the like.
- Closing a Business Links to information relative to closing or sale of a business.
- Business Taxes The form of business you operate determines what taxes you must pay and how you pay them.
- Tax Information for Small Businesses - Small business and self-employment tax center.
- Checklist for Starting a Business - The checklist provides the basic steps to follow to start a business.
- Business Structures - When starting a business, you must decide what form of business entity to establish. Your business form determines which income tax return you have to file.
- Employers ID Numbers (EIN) - An EIN is also known as a Federal Tax ID Number. Generally businesses need an EIN.
- On-line Application Form SS-4 (EIN Application) - Apply on-line for an EIN.
- IRS Forms and Publications - Download IRS forms and publications for business or personal use.
- Businesses with Employees - Information about hiring, recordkeeping and other information for businesses with employees.
- Independent Contractor or Employee - It is very important to determine how to treat payment for services. It depends on the business relationship between the business and the the service provider. The financial consequences of not classifying service providers correctly can be significant.
- Employment Taxes for Small Business - If you have employees, you are responsible for Federal Income Tax withholding, Social Security and Medicare Taxes and Federal Unemployment Taxes.