Tuesday, June 24, 2008
IRS LAUNCHES CAMPAIGN TO HELP NEW SMALL BUSINESSES
If you have reached the point where you need to start calling your writing a small business, the IRS wants to help. Their objective is to help new sole proprietors better understand the process for filing Schedule C, Profit or Loss from Business. The help will come from their Website (www.IRS.gov), from small business workshops, and other outreach events. Self-employed individuals with less complex situations--including business expenses of less than $5,000, no net losses and no employees--may be able to file Schedule C-EZ, Net Profit for Business.