Understanding Federal Taxes for Small Businesses

Event description

Including Important Tax Updates

Presented by the IRS Small Business/Self-Employed Division

This training helps small business owners and self-employed people learn the basics of federal taxes and how to follow tax rules.

By the end of this training, you will be able to:

Explain what IRS Form 1040 Schedule C is, what its main parts are, and how it is used to report small business income.
Tell the difference between common types of business structures and understand how each one is affected by federal taxes.
Point out recent federal tax changes and understand how they might affect small businesses.
Use IRS online tools and resources to stay organized, keep good records, and follow tax rules.
You will also be able to take part in a live Q&A session.

Panelists include: Carol Xie and Daniel Webber

ASL Interpretation and English/Spanish Captioning will be provided. To make a reasonable accommodation request or if you have questions about this session, please email Laura Thrasher at lthrasher@ndi-inc.org. Please allow at least 3-5 business days’ advance notice; last minute requests will be accepted, but may not be possible to fulfill.