Tax Tip 2024-40: Small businesses: Find tax resources and tools on IRS.gov

IRS Tax Tips

April 29, 2024

Issue Number: Tax Tip 2024-40

Small businesses: Find tax resources and tools on IRS.gov

During?National Small Business Week, the IRS reminds taxpayers that IRS.gov has resources and tools to help small businesses understand and meet their tax responsibilities.

Bookmark these webpages

Small Business and Self-Employed Tax Center:?Resources for small businesses with assets under $10 million and for taxpayers who file these forms:

Form 1040 or 1040-SR
Schedules C, E and F
Form 2106

Employer Identification Number:?Businesses can apply for an EIN in several ways including online at IRS.gov. Generally, businesses need an Employer Identification Number, also known as a Federal Tax Identification Number. The IRS uses this number to identify a business entity.
Gig Economy Tax Center:?Resources for gig workers, people who operate a digital platform marketplace and the businesses that manage their taxes. The gig economy ? also called the sharing economy and access economy ? is activity where people earn income providing on-demand work, services or goods, often with an app or website.
Tax information for businesses:?Tax information, tools and resources for businesses and self-employed people.

Track payments

Electronic Federal Tax Payment System:?A free tax payment systems for businesses to pay their federal taxes online. Businesses can also pay by phone.

Stay in the know about business taxes

Form 1099-K rules free webinar: Important info for tax professionals and for anyone who receives a Form 1099-K, including people who use popular payment apps and online marketplaces. The webinar may also be helpful to taxpayers who receive Form 1099-K from non-business transactions such as the sale of personal items.
e-News subscriptions:?Email newsletters on a variety of tax topics. There are e-newsletters for small businesses, payroll professionals, tax professionals, IRS partners and more.

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Issue Number: Tax Tip 2024-40