UPDATE: Treasury Secretary Steven Mnuchin announced Friday that the administration has moved the IRS deadline for filing taxes from April 15 to July 15 due to the disruption caused by the coronavirus.
IRS News & Resources for Businesses
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
December 2019 Edition
Highlights include:
Highlights include:
- IRS updates guidance for deductible business, charitable, medical and moving expenses
- Taxpayers can take steps now to Get Ready to file their taxes in 2020
- New FAQs on Qualified Business Income Deduction and Rental Real Estate
- Four common tax errors that can be costly for small businesses
November 2019 Edition
Highlights include:
Highlights include:
- Get Ready for Taxes: Get ready today to file 2019 federal income tax returns
- The child tax credit benefits eligible parents
- IRS.gov resources help small businesses have big success
- IRS recommends business owners e-file payroll tax returns
October 2019 Edition
Highlights include:
Highlights include:
- Treasury, IRS release final and proposed regulations on new 100% depreciation
- Two education credits help taxpayers with college costs
- Employers: Keep employees informed about tax scams and how to report them
- Taxpayers should beware of property lien scam
September 2019 Edition
Highlights include:
Highlights include:
- IRS automatically waives estimated tax penalty for eligible 2018 tax filers
- What taxpayers should know about making 2019 estimated tax payments
- Tax tips can help new business owners find success
- Improved tool on IRS.gov helps taxpayers check their withholding
August 2019 Edition
Highlights include:
Highlights include:
- Whistleblower Reforms Under the Taxpayer First Act
- Tips for taxpayers who make money from a hobby
- Taxpayers should be on the lookout for new versions of these two scams
- Tips to help organizations understand the tax-exempt application process
July 2019 Edition
Highlights include:
Highlights include:
- IRS takes additional steps to protect taxpayer data
- All taxpayers should plan ahead for natural disasters
- Got tip income? Here are some tips about tips from the IRS
- How to get help from the IRS on Exempt Organizations
June 2019 Edition
Highlights include:
Highlights include:
- Here's how small businesses can connect with the IRS over social media
- Taking care of business: record-keeping for small businesses
- Correcting tax returns, if you made a mistake or forgot to file
- Tax Scams/Consumer Alerts
May 2019 Edition
Highlights include:
Highlights include:
- Don’t fall for myth-leading information about tax refunds
- Six things taxpayers should know about the sharing economy and their taxes
- Facts About the Qualified Business Income Deduction
- Understanding Tax Return Preparer Credentials and Qualifications
- ID theft: Here’s what to look for and what to do when it happens
March 2019 Edition
Highlights include:
Highlights include:
- Here are five facts about the new Form 1040
- Six new schedules some taxpayers will file with the new Form 1040
- Don’t be victim to a ‘ghost’ tax return preparer
- Individuals who need passports for imminent travel should contact IRS promptly to resolve tax debt
- National Taxpayer Advocate delivers report to Congress: impact of shutdown; urges more funding for IT modernization
- Cash payment report helps government combat money laundering
