Overview
Tax laws and regulations are found at the federal, state and local levels, including court and administrative decisions, and many specialty documents.
Example: Considering the costs and ongoing operating expenses of a start up business. Tax liability is a significant expense to include in the balance sheet.
- Property taxes – for site of business/usually local government
- Withholding taxes - for employees as part of federal benefits (Soc. Sec.); how to manage/process/ federal and state
- Sales tax - how to manage/process/local and state
- Business income/corporate tax – for profits (hopefully)/federal and state
- Structure – tax implications may drive the structure of the business – sole proprietorship, subchapter S corp., partnership, corporation, all have different tax implications
IRS Web Site
- www.irs.gov
- For publications, go to FOIA (bottom), the Electronic Reading Room: http://www.irs.gov/foia/article/0,,id=110353,00.html
- Includes forms: http://www.irs.gov/fomrspub/
- Internal Revenue Manual: An official IRS publication containing its policies and procedures. Published by CCH; updated by supplements. On IRS web site at http://www.irs.gov/irm/index.html
- Internal Revenue Bulletin and Cumulative Bulletin
