Four Types of Federal Taxes Small Businesses Should Know About – And Where to Find Information from the IRS
Looking for some simple explanation of federal small business taxes? Click over to the online incorporation knowledge center at MaxFilings.com for an overview of the next most certain thing in life next to death.
Federal taxes a small business may be subject to depend a lot on its structure (i.e. C corporation, S corporation, LLC, etc.) along with many other factors.
Four different types of taxes a small business could be exposed to include
- Income taxes – required for all individuals and businesses (except partnerships, who file an informational return).
- Self-Employment taxes – primarily affects the self-employed
- Employment taxes – small businesses with employees
- Excise taxes – required depending on various conditions, usually for businesses who manufacture certain things or are in a certain industry.
Read Four Types of Federal Taxes Small Businesses Should Know About – And Where to Find Information from the IRS today in the business incorporation knowledge center at MaxFilings.com for more insight and links to further information about this complex subject.