Federal Tax, Tax

The IRS Small Business and Self-Employed Tax Center

The IRS is encouraging small businesses and self-employed taxpayers to bookmark its Small Business and Self-Employed Tax Center (https://bit.ly/3UEConh). This corner of the IRS’s website provides resources for businesses with assets of less than $10 million and taxpayers who file Form 1040 or 1040-SR, Schedules C, E, F or Form 2106. Resources include relevant publications as well as information on such topics as business tax credits, deducting expenses, Affordable Care Act responsibilities, changing your address and standard mileage rates. It also links to checklists for stages of a business’s life, including what you need to do when starting and closing a business. Contact us with questions. © 2024