Small business, self-employed, other business

Frequently Asked Questions

I'm starting a small business. What assistance can the IRS give me?

I'm starting a small business. What assistance can the IRS give me?
Frequently Asked Questions

I have a small business. Am I required to file Forms W-2 electronically?

I have a small business. Am I required to file Forms W-2 electronically?
Frequently Asked Questions

I have run a small business as a sole proprietor in the past but this year I had no income or expenses from the business. Is it necessary that I file a Schedule C?

I have run a small business as a sole proprietor in the past but this year I had no income or expenses from the business. Is it necessary that I file a Schedule C?
Frequently Asked Questions

How does my business become an S Corporation, assuming that it otherwise satisfies the S corporation requirements?

How does my business become an S Corporation, assuming that it otherwise satisfies the S corporation requirements?
Frequently Asked Questions

If you acquire a piece of equipment for use in a trade or business, like a forklift or truck, are the payments you make deductible lease payments or do you instead depreciate the cost of the equipment?

If you acquire a piece of equipment for use in a trade or business, like a forklift or truck, are the payments you make deductible lease payments or do you instead depreciate the cost of the equipment?
Frequently Asked Questions

My son is a newspaper carrier. I would like to know if his income is subject to Social Security and Medicare taxes, and if he must file a Schedule C.

My son is a newspaper carrier. I would like to know if his income is subject to Social Security and Medicare taxes, and if he must file a Schedule C.
Frequently Asked Questions

For IRS purposes, how do I classify a domestic limited liability company (LLC)? Is it a sole proprietorship (disregarded entity), partnership, or a corporation?

For IRS purposes, how do I classify a domestic limited liability company (LLC)? Is it a sole proprietorship (disregarded entity), partnership, or a corporation?
Frequently Asked Questions

I'm self-employed as a sole proprietor. How do I report my income and pay Social Security and Medicare taxes?

I'm self-employed as a sole proprietor. How do I report my income and pay Social Security and Medicare taxes?
Frequently Asked Questions