You must file a federal tax return and if required pay federal taxes on your business income. Federal tax law is highly complex; as a business owner you are encouraged to seek the advice and support of a professional.


Select the SMALL BUSINESS AND SELF-EMPLOYED TAX CENTER link for information provided by the Internal Revenue Services. Select the DETERMINE YOUR FEDERAL TAX OBLIGATION link provided by the U.S. Small Business Administration. In the center of the web page select the Determine your federal tax obligations link. 


Select the ELECTRONIC FEDERAL TAX PAYMENT SYSTEM link provided by the U.S. Department of the Treasury to report and pay any tax due to the Internal Revenue Service online.