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  • Doing Business 12/04/08

    Producer/Host: Jane Haskell, University of Maine Cooperative Extension

    Studio Engineer: Amy Browne

    Topic:  It’s Tax Time

    Schedule C – guide to avoid tax issues.  What makes someone “self-employed”? Is it the same as a sole proprietor?  Does a self-employed business owner need an identification number in order to be recognized by the IRS as a business?  How does someone get one? Is there a way to do this electronically?  When must businesses file tax returns? What tax forms do sole proprietors fill out?  How long should a business keep their records?  Why is it important to keep good records?  What are requirements for being a home-based business?  what are requirements for using a part of your home for business?  Tax Gap: seems to imply that people were avoiding paying taxes. [see resources on www.umext.maine.edu/Waldo/business/ click on Doing Business]

    GUEST: Shawn Savage, Senior Stakeholder Liaison Communications, Liaison and Disclosure/IRS,68 Sewall Street, Augusta, ME 04330, 1-888-351-5223, Shawn.S.Savage@irs.gov

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    Published on December 4, 2008 · Filed under: Doing Business;
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