10 Ways the I.R.S. Can Help Your Business

Most of us think of the Internal Revenue Service as the people who come after you if you don't pay your taxes. But the IRS, under its mandate from the department of Treasury, also has many services to business taxpayers.

The IRS can help your business in several ways. Although there are certainly more than 10 ways, here are some of the most important:

1. Provide information on federal taxes related to starting a business
   
2. Help you operate your business, including information on business record keeping and accounting
   
3. Provide information on closing a business, selling a business, and business bankruptcy
   
4. Provide information and assistance to you as an employer, including employment tax submission and payment requirements
   
5. Inform you about legitimate business expenses you can deduct to keep your taxes to a minimum
   
6. Provide information on tax implications for setting up and operating business entities (including sole proprietorships, limited liability companies, partnerships, and corporations)
   
7. Provide information and assistance on filing and paying business taxes, including tax forms and instructions for those forms
   
8. Help you deal with a tax dispute or audit, and about your rights as a taxpayer
   
9. Give you notices about business tax events - workshops, forums, phone and webinar events
   
10. Help you recognize and avoid tax scams.

See what I mean? There is much more information on the IRS website. Click on the "Business" link to find out more.