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Industry: Email Alert RSS FeedHere's help worth finding, where to find it, how to get it, and why you need it: Your Business Tax Kit - tax kit available from the US Internal Revenue Service
Home Office Computing, July, 1991 by Stephen I. Nelson
Your Business Tax Kit (available free from your local IRS office; call and ask for the taxpayer-assistance line)
One of the nightmares of starting and running a business is having to deal with federal taxes. Sure, for a couple hundred bucks, your accountant will help you wade through the confusion. But before you pick up the phone to call your CPA, consider this: You can get free help from the Internal Revenue Service by obtaining an IRS resource called Your Business Tax Kit.
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Your Business Tax Kit is a collection of well-written pamphlets and books that describe everything you need to know about federal taxes. For instance, there's Publication 583, Taxpayers Starting a Business (16 pages), which tells you what you need to do when you start a business. (If you'll have employees, you'll need an employer identification number; this pamphlet describes how to get one.)
The tax kit also includes Publication 334, Tax Guide for Small Business (165 pages), which describes in detail such things as how the business entity you've chosen -- sole proprietorship, partnership, or corporation--affects your tax reporting.
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