Self-Employed Individuals

All the information that is noted in this book is relevant to individual taxpayers no matter what their work relationship.  Still, I am primarily focusing on the typical American who is an individual who works for an employer in an employee relationship.  How about special tax issues relevant to the taxation of proprietors and small business entities?  This latter analysis is beyond the scope of the book.  However, I won't completely ignore you small business folks.  For further instruction on how to conduct your small business as a proprietorship or partnership or as an incorporated business go to my Web site, click on Tax Planning, then IRS Publications and download Publication 334 (Tax Guide for Small Business).  This Publication details not only the income tax rules but also the federal excise and employment tax rules for proprietorships.  For those small business owners conducting their business as a partnership, click on IRS Publication 541 (Tax Information on Partnerships), or if as a corporation, see IRS Publication 542 (Tax Information on Corporations).