IRS Portal Provides Help to Small Business Owners

Did you know that the IRS offers free online presentations and webinars? Check out the IRS Video Portal for

• Archived versions of live panel discussions
• Archived webinars
• Video clips
• Audio archives of tax practitioner phone forums

The portal offers a wealth of material for individuals, small businesses and tax practitioners.

Click on the Small Business tab, and you will find a list of topics. The list below describes some of the material available in the various areas.

• Business Expenses: Includes a summary of the 2009 law change affecting net operating losses and a video on home office deductions.
• Business Income
• Changing Your Business
• Disaster Information
• Employers: Information about payroll, hiring family members, required taxes, and similar topics.
• Filing/Paying Taxes
• Forms:
• Post-Filing Issues: If you have questions after filing, this is a place to learn about letters and notices, examinations, collections, offers in compromise, and other topics.
• Resources
• Retirement Plans: This section contains information about retirement plans for small businesses. The topics include funding and benefit restrictions, SEPS, and more.
• Scams & Fraud: This includes several overviews that can help keep you from being a victim of a scam or a fraud.
• Small Biz Workshop: "The Virtual Small Business Tax Workshop is composed of nine interactive lessons designed to help new small business owners learn their tax rights and responsibilities."
• Starting a Business: Includes a variety of videos on topics such as record keeping and Schedule C requirements.