What's New

Important Tax Changes for 2001

Highlights of the 2001 Tax Changes, Publication 553

Pre Start-up / Assessing Your Business Idea

Publication 1635 - Understanding Your EIN:
This publication provides general information on Employer Identification Numbers (EINs).

Starting Your Business / Keeping Records

Revenue Procedure 2000-22, Changes in accounting periods and in methods of accounting.
Notice 2001-22, Repeal of the Modification of the Installment Method for Accrual Method Taxpayers.
Provides guidance to accrual basis taxpayers who sold property in an installment sale on or after Dec. 17, 1999, to use the installment method to report gain from the sale.
Revenue Ruling 2000-4, Business Expenses, Capital Expenditures; ISO 9000 Costs.
Provides guidance as to whether costs incurred by a taxpayer to obtain, maintain, and renew ISO 9000 certification are deductible as ordinary and necessary expenses under Section 162 of the Internal Revenue Code or must be capitalized under Section 263 0r 263A.

Guidance for Special Types of Businesses

Market Segment Specialization Program
Check out this site for audit technique guides for industries such as construction or entertainment, for professions such as attorneys or real estate agents, or for issues such as passive activity losses.

Hiring Employees

Form 5300 - Application for Determination for Employee Benefit Plan.
Form 5300 Instructions

Preparing Your Tax Return(s) and Information Returns

Publication 51 - Circular A, Agricultural Employers Tax Guide.
Publication 542 - Corporations
See Page 8 for Information on Net Operating Loss.

Filing Your Return(s) and Paying Taxes

Post-Filing Issues

Publication 583 - Starting a Business and keeping Records
See page 8 for Information on Penalties.

Other Tax Issues of Interest

Index of Business Forms and Publications

Latest Versions of Tax Products - This link takes you to our main tax product download area where you can find the latest versions of our tax forms, instructions, and publications.
Publication 15-T - New Withholding Tables for 2001 (For Wages Paid After June 30, 2001)
Publication 724 - Volunteer Income Tax Assistance Help Other People with Their Tax Returns
Publication 724SP - Ayude A Otras Personas Con Los Impuestos
Publication 515 - Withholding of Tax on Nonresident Aliens and Foreign Corporations