The Internal Revenue Service (IRS) has put together links to basic federal tax information to help people who are starting a business. This information can help new business owners in making basic business decisions.

Even so, the IRS warns that their list should not be considered all-inclusive, and different steps may be needed for specific types of businesses.

The IRS provides information on specific industries on its Industries/Professions page.

For information regarding state-level requirements for starting and operating a business, the IRS recommends owners refer to their state's website.

What new business owners need to know about federal taxes

• Is it a business or a hobby?
• Selecting a business structure
• Employer Identification Number (EIN)
• Business taxes
• Recordkeeping
• When do I start my tax year?
• Checklist for starting a business
• Types of retirement plans

• Small business publications