Internal Revenue Service


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Jun 1, 1981

Formulating tax policy will be the responsibility of Treasury, not the Internal Revenue Service, announced Donald Regan, secretary of the Treasury. The sh...  Read story

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By Irving L. Blackman |  Jun 1, 1981

HOME OFFICES: FOLLOW THE RULES Congress cracked down in 1976 on deductions for using your home as an office. Now a Tax Court ruling has made it clea...  Read story

Limited-Liability Companies: How Do They Work?

Oct 21, 1999

For many years, many small-business people have been torn between operating as a sole proprietor (or if several people are involved, a partnership) or inc...  Read story

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Jul 1, 1981

Your chances of an IRS audit are lowest if you have an unincorporated business that reports an income ranging between $10,000 and $30,000, the 1980 Intern...  Read story

The IRS Wants to Know: What's Your Business Worth?

By Irving L. Blackman |  Jul 1, 1981

The IRS will want to know, and you should know how they'll figure it out. Revenue Ruling 59-60 has the answers.  Read story

Can I Claim a Tax Deduction for a Part-Time Home-Based Business?

Oct 21, 1999

For purposes of claiming a tax deduction it makes no difference if you work only part-time at your home-based business or that you have another occupation...  Read story

Tax Realities of Husband-and-Wife Sole Proprietorships

Oct 22, 1999

A married couple can jointly own and operate a business as a sole proprietorship, under certain conditions. For tax purposes, your spouse is allowed to wo...  Read story

A Caution On Tax Shelters

Aug 1, 1981

Few tax shelters are as reliable and safe as a qualified plan. For unwary investors, more arcane "shelters" can wind up offering about as much protection...  Read story

Enforcing Regflex: Will The SBA Be Aggressive?

Aug 1, 1981

A battle is brewing in Washington over the Regulatory Flexibility Act, which requires federal agencies to prepare analyses of rules they think will have a...  Read story

Sole Proprietorships: The Basics

Oct 26, 1999

If you own your business, the simplest form of ownership is a sole proprietorship, even if you have employees. All you have to do to start a sole propriet...  Read story

A Caution On Tax Shelters

Aug 1, 1981

Few tax shelters are as reliable and safe as a qualified plan. For unwary investors, more arcane "shelters" can wind up offering about as much protection...  Read story

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Sep 1, 1981

Expert tax advice costs a lot, so many small businesses get it free from the Internal Revenue Service. Unfortunately, even the IRS makes mistakes. And wh...  Read story

"how-to" Roundup;

Sep 1, 1981

Though this book is packed with operational information from how to advertise to principles of accounting, the author tends to talk down to his audience (...  Read story

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Sep 1, 1981

YOU HAVE THE RIGHT to tape-record your audit meeting with the IRS. According to the IRS Agent's Manual, requests to record audit proceedings must be hono...  Read story

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Sep 1, 1981

Writedowns for excess or obsolete inventory could be restored under a bill introduced by Sen. Dave Durenberger (R-Minn.). The Supreme Court sided with th...  Read story

Buy-sell Agreements Help Prevent Disputes

By Peter J. Connors |  Oct 1, 1981

The best way to avoid controversy over the valuation of a closely held business (Taxes, July) is to provide an enforceable buy-sell agreement. They provi...  Read story

How The Tax Cut Affects You

By Irving L. Blackman |  Oct 1, 1981

The Reagan tax package doesn't help your business as much as it helps you.  Read story

Choosing between a Corporation and an LLC

May 12, 2000

Let's assume that you've read all of Nolo's Legal Encyclopedia material on Read story

Uncle Sam Doesn't Know Much About You

By Robert E. Berney |  Dec 1, 1981

Unless small businesspeople demand that the U.S. collect better information, nobody will know how important they are.  Read story

Evasive Tactics Lead To Illicit Economy

Feb 1, 1982

Tax administrators from 11 northeastern states met recently to discuss ways state officials can crack down on the "underground" economy -- defined as inco...  Read story

Who The Irs Audits

By Irving L. Blackman |  Feb 1, 1982

Unfortunately, the very things that encourage the IRS to audit you are the things that -- for your own reasons -- you're likely to want on your tax return.  Read story

Ira's And Sep's: Retirement Plans Made Easy

By Martha Bednarz and Robert Wood |  Mar 1, 1982

New changes in the lawmake payroll-deduction Individual Retirement Accounts and Simplified Employee Pensions a corporate option worth considering.  Read story

Estimate, Don't Guess, Your Taxes

By Donald Jay Korn |  Apr 1, 1982

The ground rules for estimating taxes have changed. Knowing the details can make a difference in your cash flow.  Read story

Five Reasons to Incorporate Your Nonprofit Association

Nov 1, 2000

Americans are famous for volunteering for good causes and for banding together to get things done,whether the goal is wildlife rescue or low-income housin...  Read story

Tax=free Gifts For Employees

Apr 1, 1982

In a little-noticed provision of last year's tax act, Congress voted to let companies deduct up to $400 per item for tangible gifts to employees -- televi...  Read story

A Mutual Friend

By Robert A. Mamis |  May 1, 1982

On the face of it, setting up a personal holding company sounds like a graceful means for a once-active business to pass into its golden years. Theoretica...  Read story

Help for Small Business with Federal Taxes

By Barbara Weltman |  Apr 2, 2001

The month of April may be a time when you are acutely aware of taxes. Certain recent developments may be of help to you as a small business owner. ...  Read story

Taxing Questions For The '80s

By Milton D. Stewart |  Aug 1, 1982

Every so often this country witnesses a burst of creative citizenship. Ordinary folks, fed up with their leaders' solutions for the nation's woes, insist ...  Read story

When Auto Rebates Concern The Irs

By This column was compiled by Irving L. Blackman |  Aug 1, 1982

If you are lured into buying a new car by Detroit's latest incentives, is the rebate considered income? The Internal Revenue Service has ruled that it is...  Read story

Renewing Interest In Interest-free Loans

By This column was compiled by Irving L. Blackman |  Aug 1, 1982

The Internal Revenue Service keeps trying to put an end to the practice of companies making loans to employees and shareholders without charging interest,...  Read story

Coming Clean

Aug 1, 1982

Because traditional barter deals in kind rather than in cash, it has presented problems to tax collectors. Concerns using barter's "near money" have been...  Read story

The Irs Backs Down On Debt/equity

Oct 1, 1982

Last June, the Internal Revenue Service tried a new regulation to solve the riddle of when a loan is not a loan. But complaints by small business advocacy...  Read story

How To Treat Your Start-up Expenses

By Howard T. Stayen |  Oct 1, 1982

Before you open a new business or expand an existing one, you should know which costs you can deduct and which must be capitalized  Read story

Buying a Business or Its Assets

Jan 15, 2002

This article provides an introduction to the legal nitty-gritty of buying an established business.  Read story

How To Compensate Executives, By James E. Cheeks. Dow Jones-irwin, 1818 Ridge Rd., Homewood, Il 60430; 347 Pp., $19.95.

Nov 1, 1982

Notable books, some of which may be reviewed in future issues.  Read story

Preparing for an Audit

By Author No |  Feb 7, 2002

A tax audit will be much less worrisome if you prepare for it.  Read story

What Auditors Look for When Examining a Business

By Author No |  Feb 7, 2002

Know what an IRS auditor looks for when examining your business and its records.  Read story

Understanding Small-Business Tax Deductions

Feb 7, 2002

Thankfully, you can reduce your tax burden by deducting most of what you spend in the course of business.  Read story

Small-Business Taxes FAQ

By Author No |  Feb 6, 2002

These answers will help you stay out of trouble with the IRS.  Read story

Business Income Defined

By Author No |  Feb 6, 2002

There are many different kinds of business income, and almost all of them are taxable.  Read story