Question: How Can the I.R.S. Help Me in My Business?
Most of us think of the Internal Revenue Service (I.R.S.) as a tax enforcement agency. But a major part of the mission of the IRS is:
to help the large majority of compliant taxpayers with the tax law
So what can the IRS do to help your small business?
Answer:
IRS help for your business is easy to find. The IRS can:
- Provide information on federal taxes related to starting a business.
- Help you operate your business, including information on business record keeping and accounting
- Provide information on closing a business, selling a business, and business bankruptcy
- Provide information and assistance to you as an employer, including employment taxes
- Inform you about legitimate business expenses you can deduct to keep your taxes to a minimum
- Provide information on tax implications for setting up and operating business entities (including sole proprietorships, limited liability companies, partnerships, and corporations)
- Provide information and assistance on filing and paying business taxes, including tax forms and instructions for those forms
- Help you deal with a tax dispute or audit, and about your rights as a taxpayer.
- Provide information on business tax events - workshops, forums, phone and webinar events.
- Help you recognize and avoid tax scams.
