Starting a Business, get professional help or IRS assistance.
Question: I am starting a small business. What assistance can the IRS give me?
Answer: The IRS can provide information on taxes, record keeping, accounting practices, completing Federal business and employment tax returns, and meeting other Federal tax obligations.
Much of the assistance is free. The service is called Small Business Tax Education Program, or STEP.
Their website, www.irs.gov, has a lot of information for the new business owner.
NOTE: Items to check on the website include “Around the Nation” for seminars in your area, Tax Info For Business and “Small Business and Self Employed One Stop Resource” or Tax Topic 103, Small Business Tax Education Program (STEP).
These programs are very beneficial to new and upstart businesses. It is always best to check with your tax professional about the tax strategy to be implemented on the onset of your business for tax purposes.
IRS: Starting a business, need Help?
Filed Under: IRS Tax Advice
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