This guide will assist you in getting your small business started on the right track by helping you to select the right options for your situation. You will learn which business entity to select to best suit your goals and how each type of entity affects the tax returns you will be required to file. You will learn about record keeping requirements and tax filing issues so you can be prepared if you are audited the IRS. You will learn what are the most common tax mistakes that get people in trouble with the IRS and how to avoid them and much more.