Contents
What New Business Owners Need To Know
Sole Proprietorships
Partnerships
Corporations
S Corporations
Limited Liability CompanyEmployer Identification Number (EIN)
Payee's Identification NumberIncome Tax
Self-Employment Tax
Employment Taxes
Excise Taxes
Depositing Taxes
Waiver of PenaltyBusiness Start-Up Costs
Depreciation
Business Use of Your Home
Car and Truck ExpensesWhy Keep Records?
Kinds of Records To Keep
How Long To Keep Records
Sample Record SystemInternal Revenue Service
Small Business Administration
Other Federal Agencies
Information courtesy of the Internal Revenue Service.
