May 19, 2013

The IRS’s Tax Solutions to Small Businesses and the Self-Employed

Are you a small business or a self-employed individual with tax questions? Look no further than the IRS’s Small Business and Self-Employed Tax Center for all the answers and educational materials or tools you need.

This is a one-stop shop offering essential resources and online tools to help self-employed persons and small businesses. The resources and tools include:

  • Application for Employer Identification Number online
  • Publications and forms for small businesses
  • Extensive employment tax information
  • Educational events and programs for small businesses
  • Relevant tax-related news
  • Comprehensive A-Z Index for business
  • Relevant IRS videos

Generally, the site provides essential federal tax information for all the stages of one’s business. Whether you are in the starting stage, operating or closure stage of a business, there is information here for you.

Additionally, one can benefit from the following resources:

IRS Video Portal

Through this, one can learn about various tax topics through video and audio presentations to answer various tax questions. The portal has some archived live panel discussions on videos, audio phone forums, and some other webinars and video clips.

The IRS Audits Video Series

Want to know how the IRS carries out its audits? Watch the step by step illustration, from notification to closing, through “Your Guide to an IRS Audit”. The video series demonstrate the stages of the various audit types; correspondence, field and office. Get a view of the various issues common to small business audits.

Virtual Small Business Tax Workshop

This is an interactive resource enabling all small business owners to learn their tax rights and responsibilities. The IRS Virtual Small Business Tax Workshop contains nine unique lessons that can be chosen and viewed individually or otherwise, 24/7 from any PC. You can also order for these lessons on a CD.

Small Business Taxpayers’ Tax Calendar

For all the information concerning taxes for small businesses, the Tax Calendar for Small Business and Self-Employed Publication 1518 is accessible online or even as a printable PDF file. The 12-month calendar contains extensive tax information on various tax-related topics, such as general business taxes, electronic filing and paying options, as well as business publications and forms among other essential data. In fact, each page of the calendar addresses different tax issues and gives tips helpful to small businesses. Add any short notes and tax dates, or download these tax events to the calendar for better tax preparation and filing.