Which Form 8655 Employed 2024

Hi, I'm Becky and I work for the Internal Revenue Service. If you're a longtime business owner or just thinking about starting a new venture and working for yourself, you should know about the IRS Small Business and Self-Employed Tax Center. This online tool is your one-stop resource to help you learn about the tax issues involved in owning your own business. To access the site, visit IRS.gov/smallbiz with a "Z". Here, you'll find information organized in six categories for every phase of your business. For example, you'll find topics on selecting a business structure, differentiating between a business and a hobby, and even a checklist for starting your business. You can click on the A to Z index for business for an alphabetized list of more than 450 topics. There's also a link to our Sharing Economy Tax Center if you're involved in this quickly growing business activity of using an online platform to sell a service, such as renting a room or providing car services. If you're thinking about hiring employees, scroll up to our most popular topic section and click "Employer ID numbers." Forms and publications is a handy link if you need materials such as Schedule C, E, or F. Here, you will find Publication 4591, Small Business Federal Tax Responsibilities. You can get information on preparing your taxes, including an overview of tax credits and deductions, such as the business use of your home. Plus, you can learn about record-keeping requirements to help you track your expenses and about making federal employment deposits. We also have an online learning section. If you click on our video portal, then the business tab, you'll find audio and video programs on topics such as treatment of retirement benefits, how to avoid being a victim of a tax scam, and small business...