Penquis CAP to hold free tax workshop in Lincoln

LINCOLN – The Penquis Community Action Program is holding a free IRS workshop on “Taxes and the Small Business Owner” from 6 to 9 p.m. Wednesday, May 8, at Mattanawcook Academy, Room 121.

The workshop is for individuals who are in business or who are contemplating going into business. Topics covered will include record-keeping and tax reporting requirements, proper reporting of income, allowable business deductions, business use of vehicles, business office in the home, basic employment tax issues and paying estimated taxes.

An overview of the new tax law also will be presented along with instructions on how to acquire and use IRS resources. This workshop is made possible by a grant from the U.S. Small Business Administration. Registration is encouraged.

To register or for information call 794-3093.