IRS News & Resources for Businesses

May 2021 Edition:
 Highlights include:
  • Tax Day for individuals extended to May 17: Treasury, IRS extend filing and payment deadline
  • 2021 Tax Tips and Some Motherly Advice
  • Treasury Department and IRS provide safe harbor for small businesses to claim deductions relating to first-round Paycheck Protection Program loans
April 2021 Edition:
 Highlights include:
  • SCAM ALERTS
  •  IRS: Employee Retention Credit available for many businesses financially impacted by COVID-19
  • Relief from Penalty for Failure to Deposit Employment Taxes  
 March 2021 Edition:
 Highlights include:
  • 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 2021 Edition:
Highlights include:
  • Tax resources for military members, veterans and their families
  • IRS updates FAQs on paid sick leave credit and family leave credit 
  • New law extends COVID tax credit for employers who keep workers on payroll
January 2021 Edition:
Highlights include:
  • Taxpayers should check out these tips before choosing a tax preparer
  • Volunteers needed for free tax prep help
  • Identity Protection PIN Program will soon be available to taxpayers nationwide
December 2020 Edition:
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:
  • 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:
  • 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:
  • 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:
  • 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:
  • 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:
  • 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:
  • 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:
  • 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