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TAXES
Savvy strategies to help reduce your taxes
New IRS Publication
A new publication from the IRS might make light reading for small-business owners. Publication 4591, "Small Business Federal Tax Responsibilities," provides essential information for small businesses and the self-employed in one convenient location. The tri-fold brochure covers these topics:
- Information about federal tax responsibilities
- Most often used forms or publications for small businesses
- Web resources for starting, operating and closing a business
- Links to federal and state government agencies
Waiting For Your Refund?
If you filed an accurate paper tax return for 2006, you should get your refund with six to eight weeks after the IRS received your return. If you filed your tax return electronically, your refund is issued in three to four weeks. You can check on the status of your refund 72 hours after you e-filed your return or four weeks after mailing your return. The fastest, easiest way to find out about your current year refund is to go to IRS.gov and click the “Where’s My Refund” link. Or you can call the IRS Refund Hotline at 800-829–1954.
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