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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