Electronic Business |
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The U.S. Census Bureau found it useful to think of the electronic or Internet economy as having three primary components:
(1) Electronic Commerce (e-Commerce) as defined by the U.S. Census Bureau.
Any transaction completed over a computer-mediated network that transfers ownership of, or rights to use, goods or services. The value of goods and services sold on-line. The term “on-line” includes the use of the Internet, Intranet, and Extranet, as well as proprietary information that runs over systems such as Electronic Data Interchanges (EDI) networks.
(2) Electronic business supporting infrastructure
The economic infrastructure that is used to support electronic business processes and conduct electronic commerce transactions. It includes hardware, software, telecommunication networks, support services, and human capital used in electronic business and commerce.
(3) Electronic business processes
Processes that a business organization conducts over a computer-mediated network. Business organizations include any for-profit, governmental, or nonprofit entity. Examples of on-line e-business processes include the following:
- Purchasing
- Selling
- Vendor-managed inventory
- Production management
- Logistics
- Communication and Support Services such as on-line training and recruiting
Resources
IRS Electronic Services
Abusive Tax Schemes
Market Segment Specialization Program (MSSP)
The Market Segment Specialization Program focuses on developing highly trained examiners for a particular market segment. A market segment may be an industry such as construction or entertainment, a profession like attorneys or real estate agents or an issue like passive activity losses.
Barter Exchanges
The Internet has provided a medium for new growth in the bartering exchange industry. This section provides helpful information on bartering.
Online Auction Sellers
The links on this page provide information about tax responsibilities for online auction sellers.
Payroll & Practitioner Partners
The IRS has teamed up with national practitioner organizations to provide more information and resources for your business.
Other Government Sites
Federal Trade Commission
Census Bureau
Department of Commerce
Small Business Administration
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Page Last Reviewed or Updated: October 27, 2008