Tax News From the IRS

Resources for Businesses

May 2018 IRS News for Business

Highlights include:

  • National Small Business Week Webcasts
  • IRS urges "paycheck checkup" for key groups; tax withholding may need adjustment
  • Newly-revised estimated tax form and publication can help people pay the right amount
  • Inflation adjustments under the recently-enacted tax law
  • Many corporations will pay a blended federal income tax this year under the new tax reform law
  • New twist on phone scam
  • When to file an identity theft affidavit, Form 14039
  • IRS provides certain small employers with relief for the small businss health care tax credit for 2017 and later years
  • and more

April 2018 IRS News for Business

Highlights include:

  • IRS withholding calculator: perform a paycheck checkup
  • Top things to know about deducting charitable contributions on a 2017 tax return
  • Claiming business expenses
  • Contribute to an IRA by April 17, claim it for 2017
  • IRS wraps up "Dirty Dozen" list of tax scams for 2018/ encourages taxpayers to remain vigilant
  • How to get prior-year tax information
  • Online IRS tool lets taxpayers check account information
  • Taxpayers who owe taxes have multiple options
  • Refund scam alert
  • Businesses with employees
  • And more

March 2018 IRS News for Business

Highlights include:

  • IRS clarifies some common early filing season myths
  • IRS creates special IRS.gov page for tax reform
  • Update on extender legislatoin
  • Scam alert: IRS urges taxpayers to watch out for erroneous refunds; beware of fake calls to return money to a collection agency
  • View your account information
  • And more

IRS News for Business - February 2018

Highlights include:

  • Upcoming webinar: Protecting Sensitive Business and Customer Data - Practical Identity Safety Practices for Your Business
  • Employers warned to beware of Form W-2 scam; tax season could bring new surge in phishing scheme
  • Resources for tax law changes
  • Updated 2018 withholding tables now available; taxpayers could see paycheck changes by February
  • Travelers requiring passports to pay back taxes or enter into payment agreements
  • Five signs of small business identity theft, new protection methods
  • Small business and self-employed tax center
  • And more

IRS News for Business - January 2018

Highlights include:

  • Tax Cuts and Jobs Act of 2017
  • Standard mileage rates for 2018 up from rates for 2017
  • Information on identity theft for business, partnerships, and estates and trusts
  • Consumer alert: IRS warns taxpayers, tax pros of new email scam targeting Hotmail users
  • Understanding employee vs contractor designation
  • SBA rolls out new lender match tool to connect small businesses and lenders
  • And more

IRS News for Business - December 2017

Highlights include:

  • Upcoming web conferences
  • Eight steps to keep online data safe
  • Recognize phishing email scams
  • Five steps data breach victims can take
  • Five signs of small business identity theft, new protection methods
  • Plan ahead for 2018 filing season to avoid refund delays
  • 2018 pension plan limitations
  • And more

IRS News for Business - November 2017

Highlights include:

  • Upcoming web conferences on W-2 Verification Code Pilot, data protection, navigating the IRS website, understanding the 2017 tax law updates, and more
  • Pay as you go so you won't owe
  • Reminder about W-2 and 1099-MISC due dates
  • Find out if you need to complete form 1099-MISC for payments to sub-contractors or vendors
  • Tax scams targeting taxpayers
  • 6 things you need to know about your tax responsibilities as an LLC

IRS News for Business - October 2017

Highlights include:

  • Videos posted recently to the IRS Video Portal
  • Beware of fake charity scams
  • Reminder about W-2 and 1099-MISC due dates
  • Private debt collection
  • Watch out for the W-2 email scam
  • Help SBA reduce unnecessary regulatory burdens

IRS News for Business - September 2017

Highlights include:

  • September 7 webinar: Understanding S Corporations Part 2
  • How does the IRS contact taxpayers?
  • Starting a business? Here's 4 tax tips.
  • Moving expenses can be deductible
  • IRS introduces email option for Direct Pay and the Electronic Federal Tax Payment System

IRS News for Business - August 2017

Highlights include:

  • August 17 webinar: Understanding S Corporations Part 1 - Overview and Election
  • September 7 webinar: Understanding S Corporations Part 2 - Shareholder Stock Basis and Debt Basis
  • IRS website provides tools to help small businesses understand employment
  • Tips on how to handle an IRS letter or notice
  • Taxpayers should review their withholding; avoid having too much or too little federal income tax withheld
  • Private debt collection
  • Tax scams - how to report them
  • From the FTC: Some of the most popular scams targeting small businesses
  • And more

IRS News for Business - July 2017

Highlights include:

  • July 19 webinar: Form W-9, Form 1099-Misc, Penalties, and Backup Withholding
  • Interest rates remain the same for the third quarter of 2017
  • Tax exempt organizations
  • Four resources to help you create a safe workplace
  • Savings plans for small businesses
  • And more

IRS News for Business - June 2017

Highlights include:

  • June 15 webinar: "Understanding Form 8300" (Report of Cash Payments Over $10,000 Received in a Trade or Business)
  • Hobby or business? IRS offers tips to decide
  • Five tax tips on making estimated tax payments
  • Employee or independent contractor? Know the rules
  • Tax tips to consider for cash intensive small businesses in the sharing economy
  • Home office deduction often overlooked by small business owners
  • And more

IRS News for Business - May 2017

Highlights include:

  • Upcoming webinars
  • Private collection of some overdue federal taxes starts in April; those affected will hear first from IRS
  • You can make estimated tax payments using Direct Pay
  • Undertanding your IRS notice or letter
  • National Small Business Week
  • Identity protection: prevention, detection and victim assistance
  • And more

IRS News for Business - April 2017

Highlights include:

  • Make an appointment before visiting an IRS Taxpayer Assistance Center
  • View your account balance and payment history
  • Get prior year tax information from the IRS
  • Get credit for making a home energy efficient
  • Capital gains and losses - 10 helpful facts to know
  • Debt cancellation may be taxable
  • IRS warns of video relay scam targeting deaf and hard of hearing
  • Small business and self-employed tax center
  • And more

IRS News for Business - March 2017

Highlights include:

  • Upcoming IRS webinars
  • Tax scams: dangerous W-2 phishing scam targeting restaurants, schools, hospitals, tribal groups and others
  • How to report suspected tax fraud activity
  • Managing your taxes after a life event
  • Resources for taxpayers who owe money on their tax return
  • Early withdrawals from retirement plans
  • IRS tax calendar for businesses and self-employed
  • Recordkeeping
  • Business structures
  • And more

IRS News for Business - February 2017 

Highlights include:

  • Webinars for Small Businesses
  • Inform your employees about the Earned Income Tax Credit during EITC Awareness Day on January 27
  • Employers: Want to file Forms 941 instead of Form 944?
  • Affordable Care Act: What to know about health coverage information statements you may receive in 2017 -and- what employers with fewer than 50 employees need to know
  • Learn signs of identity theft
  • And more

IRS News for Business - January 2017 

Highlights include:

  • Tax returns due April 18
  • Tax records: What to keep, how long to keep tax returns and other documents
  • Self-employed individuals: Answers to questions
  • IRS launches new online tool to assist taxpayers with basic account information
  • W-2s and (certain) 1099s due January 31
  • Employment taxes
  • Reporting suspected tax fraud activity
  • And more