If you are starting or already have a small business, and need information on taxes or
record keeping, there is help available. Much of the assistance is free. The service is
called Small Business Tax Education Program, or STEP. It helps people learn about record
keeping, accounting practices, completing federal business and employment tax returns, and
meeting other federal tax obligations. The program also provides general information
regarding the advantages and disadvantages of the various types of business entities such
as sole proprietorships, partnerships, and corporations.
The materials are designed so that small business owners and self-employed individuals
can learn about business tax topics that apply to their own business situation.
This comprehensive, small business education program is available through workshops,
seminars, and in-depth tax courses offered by many community colleges, small business
development centers, business associations, and the IRS. If you are thinking about
starting a business or hiring employees, or if you are having a difficult time
understanding your tax rights and responsibilities as a small business owner or
self-employed individual, call IRS at l-800-829-1040 and ask for the Taxpayer Education
Coordinator in the IRS office closest to you.
You can find out more about this program by completing the interest form in Publication
1057 and mailing it to the nearest IRS Taxpayer Education Coordinator. In addition, the
IRS has assembled Your Business Tax Kit, Publication 454-A, which contains various
forms and publications for persons in business or for those starting a business.
Publications can be ordered by calling 1-800-829-3676.
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