IRS Tax Interactive - Real Planet



	Have you been absorbing all this good stuff? Ms. Kiki wants to know! Show Kiki who's the boss about starting your own business, by taking her little question and answer challenge. Select the correct answers by clicking on them. If you want to change anything, press Clear. When you're satisfied with all your answers, submit them.

	1. This is the initial document(s) developed prior to starting a new business. What is a loan application? What is a business plan? What are licenses and permits? 2. This portion of the business plan describes experience and whether you will have employees or partners. What is a financial management plan? What is a management plan? What is a business description? 3. Partnerships file this return each year. What is a federal income tax return? What is an annual return of income? What is an estimated tax return? 4. This is how partners and sole proprietors pay tax on income during the year. What are estimated taxes? What are self-employment taxes? What are federal income taxes? 5. A business structure in which one person owns the business and is responsible for all expenses and liabilities. What is a Limited Partnership? What is a Sole Proprietorship? What is a Sole Partnership? 6. This is required for all business expenses deducted from your tax return. What is a Federal Employer Identification Number? What is a bookkeeping entry? What is a receipt and explanation?