IRS News & Resources for Businesses
December 2020 Edition:
Highlights include:
Highlights include:
- Get Ready for Taxes: Steps to take now to make tax filing easier in 2021
- IRS makes it easier to set up payment agreements; offers other relief to taxpayers struggling with tax debts
- Reminder to all taxpayers: Gift cards are not used to make tax payments
November 2020 Edition:
Highlights include:
Highlights include:
- Taxpayers who need last year’s tax return have several options
- Business owners should visit IRS.gov for help with tax actions when closing a business
- See Updates on PPP loans on the last page
October 2020 Edition
Highlights include:
Highlights include:
- See the Small Business Week page on IRS.gov for news releases, tax tips, and Social Media.
- IRS expands tax help into more languages; Form 1040 offered in Spanish and more services, information available in multiple languages
- How people can reconstruct records lost in a natural disaster
September 2020 Edition
Highlights include:
Highlights include:
- Unemployment compensation is taxable; have tax withheld now and avoid a tax-time surprise
- Deferral of employment tax deposits and payments through December 31, 2020
- Earning side income: Is it a hobby or a business?
- Financial safety is an important part of disaster preparedness
August 2020 Edition
Highlights include:
Highlights include:
- Free tax content you can share: Outreach Connection
- IRS advice for those who missed the July 15 deadline, file now to avoid bigger bill
- From the SBA: Beware of Scams and Fraud Schemes
July 2020 Edition
Highlights include:
Highlights include:
- IRS warns against COVID-19 fraud; other financial schemes
- Flowchart helps employers understand new tax credits
- IRS outlines changes to health care spending available under CARES Act
- Who qualifies for which new employer tax credit?
June 2020 Edition
Highlights include:
Highlights include:
- IRS provides tax relief through increased flexibility for taxpayers
- Get My Payment FAQs
- New credits fund employers for Coronavirus-related paid leave
- New Employee Retention Credit helps employers keep employees on payroll
May 2020 Edition
Highlights include:
Highlights include:
- Coronavirus Tax Relief and Economic Impact Payments
- Coronavirus Tax Relief for Businesses and Tax-Exempt Entities
- Employee Retention Credit available for many businesses financially impacted by COVID-19
- Tax Credits for Paid Sick and Paid Family Leave
April 2020 Edition
Highlights include:
Highlights include:
- Coronavirus Tax Relief
- If you get a call, text, or email saying they need information in order to send you the economic impact payment, it’s a scam!
- Employee Retention Credit
- The Families First Coronavirus Relief Act FAQ
March 2020 Edition
Highlights include:
Highlights include:
- Get a copy for your SSA-1099 online
- Gathering records before preparing tax return makes filing go smoother
- Newly-revised IRS publication explains tax benefits for members of the military
- Work Opportunity Tax Credit extended to January 2021
February 2020 Edition
Highlights include:
Highlights include:
- IRS helps workers, businesses with new Gig Economy Tax Center
- IRS issues 2019 annual report; highlights program areas across the agency
- The Taxpayer First Act page on IRS.gov has been updated. Check it out!
- From the Federal Trade Commission: Small Business Cybersecurity: Protect Your Small Business
January 2020 Edition
Highlights include:
Highlights include:
- The final version of the 2020 Form W-4, Employee’s Withholding Certificate
- New downloadable assistant helps small businesses withhold the right amount of income tax
- New filing addresses for Form 941, employer’s quarterly federal tax returns
- Tax Information For Businesses
