Tax information from the IRS and shared by Vernoia, Enterline + Brewer, CPA LLC.
The IRS has a variety of resources to help small business owners, including veterans, understand their tax responsibilities. Small Business and Self-Employed Tax Center This page features links to useful tools and common IRS forms with instructions. Taxpayers can find help on topics such as starting or operating a business, recordkeeping, filing and paying taxes. […]
IRS Resources to Help Small Business Owners Read More »
The Internal Revenue Service (IRS) issued Notice 2020-75, which announces rules to be included in forthcoming proposed regulations.
Deductibility of Payments by Partnerships and S Corps for State and Local Income Taxes Read More »
Moving to protect business taxpayers from identity theft, the Internal Revenue Service announced that, starting Dec. 13, it will begin masking sensitive data on business tax transcripts.
IRS to Mask Key Business Details to Protect Taxpayers from Identity Theft Read More »
The revised Form 941-X, Adjusted Employer’s Quarterly Federal Tax Return or Claim for Refund, allows employers to correct COVID-19 related employment tax credits and other tax relief related to COVID-19.
Correct COVID-19 Related Employment Tax Credits Read More »
The IRS reminds taxpayers that criminals and scammers often try to take advantage of generous taxpayers who want to help disaster victims. Everyone should be vigilant. These scams often pop up after a hurricane, wildfire or other disaster.
Help Taxpayers Avoid Post-Disaster Scams Read More »
The Internal Revenue Service set Nov. 10 as “National EIP Registration Day,” as the agency and partners across the country launch a final push to encourage everyone who doesn’t normally file a tax return to register to receive an Economic Impact Payment.
November 10 is National EIP Registration Day Read More »
Victims of the Oregon wildfires and straight-line winds that began on Sept. 7 now have until Jan. 15, 2021 to file various individual and business tax returns and make tax payments, the Internal Revenue Service announced today.
IRS Provides Tax Relief for Victims of Oregon Wildfires Read More »
Farmers and ranchers who were forced to sell livestock due to drought may have an additional year to replace the livestock and defer tax on any gains from the forced sales, according to the Internal Revenue Service.
Drought-stricken Farmers, Ranchers Have More Time to Replace Livestock Read More »
Victims of Hurricane Sally that began on Sept. 14 now have until Jan. 15, 2021 to file various individual and business tax returns and make tax payments.
IRS Provides Tax Relief for Victims of Hurricane Sally Read More »
The Internal Revenue Service wants individuals to consider taking the home office deduction if they qualify. The benefit may allow taxpayers working from home to deduct certain expenses on their tax return.
IRS Reminds Taxpayers of the Home Office Deduction Rules Read More »