| What Must I Know? | Where To Find the Answer: |
| Which form of business will I use? | See Forms of Business |
| Will I need an employer identification number (EIN)? | See Identification Numbers |
| Do I have to start my tax year in January? Or may I start it in any other month? | See Tax Year |
| What method can I use to account for my income and expenses? | See Accounting Method |
| What kinds of federal taxes will I have to pay? How should I pay my taxes? | See Business Taxes |
| What must I do if I have employees? | See Employment Taxes |
| What forms must I file? | See Table 2 and Information Returns |
| Are there penalties if I do not pay my taxes or file my returns? | See Penalties |
| What business expenses can I deduct on my federal income tax return? | See Business Expenses |
| What records must I keep? How long must I keep them? | See Recordkeeping |
Information courtesy of the Internal Revenue Service.
