This free, comprehensive training is designed to help business owners and aspiring entrepreneurs confidently manage their tax responsibilities and protect their sensitive information while having the opportunity to get their questions answered directly from an IRS representative. Participants will explore the pros and cons of different business structures—including sole proprietorships, corporations, S corporations, and LLCs—and learn how entity choice affects taxation and compliance.
The session will also cover critical topics such as IP PINs (Identity Protection PIN) for enhanced data security, evolving IRS policies that impact payment and recordkeeping requirements, allowable deductions that can reduce taxable income, payroll considerations, and strategies for making accurate estimated payments.