msraquel...
The Small Business Administration provides links with answers to
questions about tax topics and more on this page about starting a
business:
EIN
Payroll Taxes
Federal Income Tax
Self-Employment Tax
State Taxes
Local Taxes
Sales and Use Tax
Specific Training
http://www.sba.gov/starting_business/index.html
Their page about Federal taxes notes the following, and provides
links to the IRS for different business structures:
"Different business structures (sole proprietorship, partnership,
corporation, or limited liability company) have different income
tax requirements regarding filing dates, forms required, and tax
rates and calculations. The IRS lists the various business taxes
and forms required for each legal structure:"
Sole Proprietorships
http://www.irs.gov/businesses/small/article/0,,id=98202,00.html
Partnerships
http://www.irs.gov/businesses/small/article/0,,id=98214,00.html
Corporations
http://www.irs.gov/businesses/small/article/0,,id=98240,00.html
S Corporations
http://www.irs.gov/businesses/small/article/0,,id=98263,00.html
LLCs or LLPs
http://www.irs.gov/businesses/small/article/0,,id=98277,00.html
Links to state taxing authorities are here:
http://www.sba.gov/hotlist/statetaxhomepages.html
And The CCH Business Owner's Toolkit site has an extensive
article which links to discussions about taxes for every state:
http://www.toolkit.cch.com/text/P07_4500.asp
You may find the entire site to be of great value. The homepage
is here:
http://www.toolkit.cch.com/
Here's an excellent calendar for Federal tax due dates on the
site of Kelan Roy, CPA:
http://www.kelanroycpa.com/krcpa/2004_Tax_Calendar_Due_Dates.htm
That should get you started!
sublime1-ga
Additional information may be found from an exploration of
the links resulting from the Google searches outlined below.
Searches done, via Google:
"business plan" state federal taxes
://www.google.com/search?q=%22business+plan%22+state+federal+taxes |
Clarification of Answer by
sublime1-ga
on
18 Apr 2006 02:09 PDT
msraquel...
I don't know that a summary table exists. Taxes for a Corporation
will vary depending on whether it is a Corporation or an S-Corporation,
and which form is used, as noted on the page I cited from the IRS for
Corporations:
http://www.irs.gov/businesses/small/article/0,,id=98240,00.html
If you look at Form 1120 and 1120-A, you'll see that computation
varies depending on the form you're using. Schedule J of 1120 has
about 11 lines involved in computing the tax, depending on such
factors as whether it's a member of a controlled group or a personal
service corporation, and which of several forms are filed in
conjunction with the activities of the business. This is all very
much beyond the scope of the original question and my degree of
knowledge on this topic. I don't see any way to predict the rates
of taxation without completing a year of business, seeing how much
profit there is after tallying up expenses, and sitting down with
an accountant to go through the various forms and see how you come
out.
sublime1-ga
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