TAILIEUCHUNG - Publication 583 (Rev. December 2011) Starting a Business and Keeping Records

LSI develops, manages and hosts Internet-based training and education for corporations, government agencies and academic institutions. The Company offers its online courseware primarily through its proprietary virtual campus product, or CLEGA University™, a full-service, centrally hosted, scalable distance education platform. It allows for the registration, enrollment, teaching, testing, grading and certification of distance learners. CLEGA University is accessible by virtually any Internet-ready PC. Enrolled students can access the courseware online, typically via a PC connected to the Internet or a corporate intranet. Once a student has completed a course, he or she receives credit or certification, as appropriate | Department of the Treasury Internal Revenue Service Publication 583 Rev. December 2011 Cat. No. 15150B Starting a Business and Keeping RecOrdS Contents Introduction . 1 What New Business Owners Need To Know. 2 Forms of Business. 3 Identification Numbers. 3 Employer Identification Number EIN .4 Payee s Identification Tax Year. 4 Accounting Method . 5 Business Taxes . 5 Income Self-Employment Employment Excise Depositing Information Returns. 8 Penalties. 9 Get forms and other information faster and easier by Internet Business Expenses. 9 Business Start-Up Business Use of Your Car and Truck Expenses .10 Recordkeeping. 11 Why Keep Records .11 Kinds of Records To How Long To Keep Sample Record How to Get More Information. 24 Index. 27 efile Introduction This publication provides basic federal tax information for people who are starting a business. It also provides information on keeping records and illustrates a recordkeeping system. Throughout this publication we refer to other IRS publications and forms where you will find more information. In addition you may want to contact other government agencies such as the Small Business Administration SBA . See How To Get More Information later. Comments and suggestions. We welcome your comments about this publication and your suggestions for future editions. You can write to us at the following address Internal Revenue Service Business Forms and Publications Branch SE W CAR MP T B 1111 Constitution Ave. NW IR-6526 Washington DC 20224 Feb 17 2012 We respond to many letters by telephone. Therefore it would be helpful if you would include your daytime phone number including the area code in your correspondence. You can email us at taxforms@. Please put Publications Comment on the subject line. You can also send us comments from formspubs select Comment on Tax Forms and Publications under

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