Tax News From the IRS

IRS News & Resources for Businesses

January 2019 IRS News for Business

Highlights include:

  • Tax reform information for businesses and individuals
  • Tax reform law makes changes to employee achievement award rules
  • New tax credit benefits employers who provide paid family and medical leave
  • Affordable Care Act: Notice 2018-94 extends the due dates for certain 2018 information reporting requirements for insurers, self-insuring employers and certain other providers of minimum essential coverage
  • IRS issues standard mileage rates for 2019
  • Subscribe to Exempt Organization Update
  • Upcoming web conferences for small businesses
  • And more

December 2018 IRS News for Business

Highlights include:

  • IRS warns of "Tax Transcript" email scam; dangers to business networks
  • Employers should be aware of W-2 scam, protect employee information
  • Learn how the new tax law affects tax returns next year
  • Tax reform affects if an how taxpayers itemize their deductions
  • Racing towards year end: employment tax updates and reminders
  • Tax reform basics for the qualified Business Income Deduction (199A)
  • Tax reform basics for employers, individuals and families
  • And more

November 2018 IRS News for Business

Highlights include:

  • Racing towards year end: employment tax updates and reminders
  • IRS resources can help small businesses better understand how tax reform affects their bottom line
  • Reduced 24-percent withholding rate applies to small businesses and other payers
  • Tax reform provisions that affect businesses
  • Qualified Business Income Deduction FAQs
  • IRS issues guidance on Tax Cuts and Jobs Act changes on business expense deductions for meals, entertainment
  • New 100-percent depreciation deduction benefits business taxpayers
  • And more

October 2018 IRS News for Business

Highlights include:

  • Upcoming webinars for small businesses
  • New tax reform changes website explains what is changing and what is not
  • Avoid penalty for underpayment of taxes
  • New employer tax credit for paid family and medical leave available for 2018 and 2019
  • Large employers can now e-file their employment tax returns
  • Facts to help taxpayers understand Individual Retirement Arrangements
  • And more

September 2018 IRS News for Business

Highlights include:

  • IRS issues proposed regulations on new 20 percent deduction for passthrough businesses
  • Resources help taxpayers understand tax reform
  • Taxpayers can monitor IRS information online
  • Employers and business owners: Certain taxpayers may now file their employment taxes annually
  • Employer ID numbers
  • From the SBA: 5 key ingredients in creating a small business website
  • And more

August 2018 IRS News for Business

Highlights include:

  • Tax reform information for businesses, indiviuals, tax exempt and government entities
  • Interactive tax assistant
  • Summertime tax tips for temporary jobs, and summertime activities
  • Tax help for retirees
  • Tax scam alerts
  • From the FTC: Operation Main Street targets scams against small businesses
  • From the SBA: Choosing the right business structure: three factors to consider
  • And more

July 2018 IRS News for Business

Highlights include:

  • Do's and don'ts for taxpayers who get a letter form the IRS
  • What taxpayers should know about tax return copies and transcripts
  • Outsourcing payroll and third party payers
  • Tax reform allows people with disabilities to put more money into ABLE accounts, expands eligibility for Saver's Credit
  • Identify theft / data theft / scam alerts: If/then scenarios for taxpayers who get "phished"
  • And more

June 2018 IRS News for Business

Highlights include:

  • Understanding the basics of virtual currency
  • How to use the IRS Withholding Calculator to check and correct withholding
  • Law change affects moving, mileage and travel expenses
  • Tips for taxpayers who need to amend a return
  • The IRS is now issuing e-News for Small Businesses weekly
  • Disasters don't plan ahead, but you can
  • Avoid scams: know the facts on how the IRS contacts taxpayers
  • How the Employer Credit for Family and Medical Leave benefits employers
  • And more

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