If you're required to file a business tax return, you're going to need an employer identification number. Taxpayers who use EINs include employers, sole proprietors, corporations, partnerships, non-profit associations, government agencies, and other business entities. You can apply for an EIN online by visiting IRS.gov/EIN. You can also apply by fax or by mail. Just check [...]
If you own or manage the taxes for a small business, head over to IRS.gov/smallbiz and check out the information and tools available in the Small Business and Self-Employed Tax Center. From the main page of the Tax Center, you will find links grouped by topic, like how to prepare or pay your taxes. You'll find [...]
This article was published by the IRS. The Internal Revenue Service continues to open its Business Tax Account (BTA) to a growing number of business taxpayers, expanding the useful features available. The latest expansion makes this online self-service tool for business taxpayers available to C corporations. In addition, a person who can legally bind the corporation, [...]
Whether you're a seasoned sole proprietorship or just starting out with your self-employed small business, learn how to manage your business expenses and maximize your tax deductions with QuickBooks. In this video, learn tips on how to stay ready for tax time with organized books year-round, so it's easier to watch out for potential self-employment tax [...]
It's an unfortunate reality that some businesses must permanently close their doors. If this happens to you, there are some tax-related steps you'll need to take. Here's a quick checklist of some things to do: First, if your business is no longer operating, you still need to file all final tax returns for your business by [...]
