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e-News for Small Businesses June 7, 2012

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Issue Number:  2012-12

Inside This Issue


  1. Start out right: keep good records
  2. Why pay taxes? The truth about frivolous tax arguments
  3. New FATCA e-newsletter
  4. Recent IRS announcements  

  1.  Start out right: keep good records

Good recordkeeping helps new businesses monitor their progress, prepare financial statements and keep track of deductible expenses for filing tax returns.

Related link:

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  2.  Why pay taxes? The truth about frivolous tax arguments

Learn about some of the more common false "legal" arguments made by individuals and groups who oppose complying with federal tax laws.

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  3.  New FATCA e-newsletter

Subscribe to the FATCA News and Information List for the latest IRS news, guidance and regulations related to the Foreign Account Tax Compliance Act.   

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  4.  Recent IRS announcements
  • IR-2012-58 Spring 2012 Statistics of Income Bulletin Now Available

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