Tax Implications of Small Businesses

Please join us in person or via Zoom on October 12 at 1:00 PM when we will discuss the basic summary of what you need to know about starting and successfully operating your business, the forms of business organizations such as sole proprietorship, partnership, and corporation, and some common business credits together with some resources for additional information.

There is aggressive marketing and misleading information out there about the Employee Retention Credit (ERC). So, we will spend time talking about the basic requirements for claiming ERC and warning signs business owners should watch out for. We have a Q&A time at the end so the audience can bring their tax-related questions to us. We also welcome any comments/suggestions on how the IRS can better serve you.

Speaker: Yong Li. Yong Li is a bilingual Stakeholder Liaison Tax Specialist with the Internal Revenue Service. As a bilingual Chinese Stakeholder Liaison, he collaborates, informs, and communicates priority outreach messages to all taxpayer communities, including major employers, community associations, and tax practitioner organizations to provide significant messages that impact taxpayers to ensure compliance with the tax laws.

Can't come to the workshop in person? No worries! We'll be hosting a Zoom link at the exact same time so everyone can join. A Zoom link will be sent out before the event starts.