Reminders
1. Filing and Paying Business Taxes
Identification Numbers
Income Tax
Self-Employment (SE) Tax
Employment Taxes
Excise Taxes
Information
Going Out of Business Checklist
2. Accounting Periods and Methods
3. Dispositions of Business Property
What Is a Disposition of Property?
How Do I Figure a Gain or Loss?
Where Do I Report Gains and Losses?
Business Credits
How To Claim the Credit
Kinds of Income
Items That Are Not Income
Guidelines for Selected Occupations
Accounting for Your Income
6. How To Figure Cost of Goods Sold
Items To Check
Testing Gross Profit Accuracy
Additions to Gross Profit
Bad Debts
Car and Truck Expenses
Depreciation
Employees' Pay
Insurance
Interest
Legal and Professional Fees
Pension Plans
Rent Expense
Taxes
Travel, Meals, and Entertainment
Business Use of Your Home
Other Expenses You Can Deduct
Expenses You Cannot Deduct
9. Figuring Net Profit or Loss
Net Operating Losses (NOLs)
Not-for-Profit Activities
Who Must Pay Self-Employment Tax?
Special Rules and Exceptions
Figuring Earnings Subject to Self-Employment (SE) Tax
Reporting Self-Employment Tax
Declaration of Taxpayer Rights
Examinations, Appeals, Collections, and Refunds
12. How To Get More Information
Internal Revenue Service
Small Business Administration
Other Federal Agencies
Information courtesy of the Internal Revenue Service.
