WASHINGTON —The Internal Revenue Service is marking National Small Business Week, May 4 to 8, by featuring some of its most popular educational products for small business owners and self-employed individuals.
The products include webinars and videos on the IRS video portal at www.irsvideos.gov. Check out the special tab for Small Business Week to find a selection of webinars on topics viewed by thousands including:
• Business Use of Your Home
Find out what kinds of deductions are allowable for a home office and what’s not. Learn about a simplified method for figuring the home office deduction.
• Avoiding the Biggest Tax Mistakes
Learn about available tax benefits and how best to avoid common mistakes small business owners make.
• Depreciation Basics
Depreciation is a deduction that allows a taxpayer to recover the cost or other basis of certain business property. This video will help Individual taxpayers and small business owners properly claim this deduction.
• Child and Daycare Provider Tax Compliance
Learn how to report correctly common tax items associated with owning a child or day care business.
• Navigating the Small Business and Self-Employed Tax Center
Everything a business owner needs to know about accessing the Small Business and Self-Employed Tax Center is in this video containing screen shots and helpful navigational tools and tips.
This complete online resource features links to a variety of useful tools, including Small Business Taxes: The Virtual Workshop, common forms and their instructions and help on everything from how to get an Employer Identification Number online to how to engage with the IRS in the event of an audit. Also, link to a list of free local workshops and events.