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Most businesses start out small. As a new business owner you need to know your federal tax responsibilities. This page provides links to basic federal tax information for people who are starting a business.It also provides information to assist in making basic business decisions. The list should not be construed as all-inclusive. Other steps may be appropriate for your specific type of business.

What New Business Owners Need to Know About Federal Taxes

Is it a Business or a Hobby?
Selecting a Business Structure
Employer Identification Number (EIN)
Business Taxes
Recordkeeping
When Do I Start My Tax Year?
Selecting an Accounting Method
Checklist for Starting a Business
Establishing a Retirement Plan
Small Business Publications

References/Related Topics

Small Business Resources Online Learning and Educational Products
Publication 4591, Small Business Federal Tax Responsibilities (PDF)
Recommended Reading for Small Businesses
Tax Calendar for Small Businesses and Self-Employed

For inquires, please write: michaelstuart@taxlawinstitute.com

"Taxes are what we pay for civilized society"
          Supreme Court Justice Oliver Wendell Holmes, Jr.

Courtesy of Internal Revenue Service. Located on the Web at: http://www.irs.gov