4 Free Tax Resources for Small Businesses

The words “free” and “tax” typically don’t co-exist in the same sentence — especially if Uncle Sam and his relatives at the state and municipal levels have anything to say about it.

However, this is indeed one of those cases where free and tax go together, because below I’m pleased to present 4 free tax-related resources that every small business owner should turn to on a regular basis:

  1. The IRS’s Forms and Publications Site

If you’re searching for a tax form — whether mainstream or arcane — then you’ll find it on the IRS’s Forms and Publications site here. There are currently over 2100 forms, and you can search by product number, title or revision date.

However, keep in mind that the search feature doesn’t support “fuzzy searches,” which means that if you don’t know the precise product number or title, then you won’t get suggestions. This is rather frustrating. But the good news is that there is a workaround; or well, kind of a workaround. You can do a full search of the entire site (and while the site is really, really big, searching only takes a few seconds). While you may not immediately be pointed to the form that you need, you may come across an article or bulletin that ultimately guides you in the right direction.

  1. Usenet Tax Forum

Another excellent — and yes, free — tax information resource is groups.google.com/forum/#!forum/misc.taxes.moderated. This is a publicly accessible Usenet group, which you can access through Google Groups (i.e. you don’t have to download any special software, you just need a Google account which doesn’t cost anything).

Of utmost importance on today’s digital landscape: the group is moderated by a CPA, and as such you can expect to find intelligent, rational and focused discussion and advice — instead of advertising, flame wars, trolls, and people who want to air their (perhaps justifiable) grievances against the IRS, politicians, government officials — you name it.

  1. LinkedIn U.S. Income Tax Group

The LinkedIn U.S. income tax group — which you’ll find here — covers various tax planning strategies and analysis related to U.S. income tax law. While the primary focus is on recent or pending changes, there is also a look at historical developments, trends, and so on. You’ll need to request membership to participate in the discussion, but the group’s administrators are known to grant virtually all requests (the only ones they may balk at are those that seem to be from folks who want to advertise their services, start a flame war, or do something else to ruin everyone else’s experience).

  1. Jeffrey B. Kahn’s Blog

You may have heard of Orange County tax lawyer Jeffrey B. Kahn — or you may have literally heard him by listening to one of his popular podcasts, where he and his guests talk about everything from tax tips to financial planning for both individuals and businesses. Kahn’s blog is full of useful information; especially or small businesses.

The Bottom Line

Obviously, if you have a specific tax question or problem — or the IRS is knocking on your door — then you need to consult with a qualified tax attorney. However, if you’re looking to increase your general knowledge and drive your small business onward and upward, the above free tax resources will definitely help.