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	<title>File Your Taxes Now &#187; Closing A Business</title>
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		<title>7 Tips for Taxpayers Starting a New Business</title>
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		<pubDate>Mon, 13 Jul 2009 22:35:39 +0000</pubDate>
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				<category><![CDATA[Tax Tips]]></category>
		<category><![CDATA[Closing A Business]]></category>
		<category><![CDATA[Operating A Business]]></category>
		<category><![CDATA[Publication 334]]></category>
		<category><![CDATA[Publication 4591]]></category>
		<category><![CDATA[Starting A Business]]></category>

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		<description><![CDATA[Anyone starting a new business this summer should be aware of their federal tax responsibilities. Here are the top seven things the IRS wants you to know if you plan on opening a new business this year. First, you must decide what type of business entity you are going to establish. The type your business takes will determine which tax form you have to file. The most common types of business are the sole proprietorship, partnership, corporation and S corporation.<p></p>
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