Category: IRS Tips

IRS Tips
IRS highlights credits and deductions for businesses during Small Business Week

WASHINGTON — During Small Business Week, the Internal Revenue Service reminds small business owners and self-employed individuals to take deductions and credits that will help their bottom line. This year, National Small Business Week is May 5-11. For more than 50 years, the week has recognized the important contributions of America’s entrepreneurs and small business […]

IRS Tips
e-News for Small Business, Issue 2019-09

IRS celebrates Small Business Week Below you will find business-related tax information in recognition of this week’s National Small Business Week campaign, sponsored annually by the Small Business Administration and in partnership with the IRS. IRS urges data security, paying estimated taxes; highlights tax benefits, online resources The IRS has many online resources to help […]

IRS Tips
Recapping highlights from National Small Business Week 2019

The IRS continues to highlight many resources available to help small business owners and self-employed individuals understand and meet their tax obligations. Here’s a recap of key topics covered in IRS Tax Tips during this year’s Small Business Week. How small businesses can connect with the IRS over social media. The IRS just launched its […]

IRS Tips
Disaster resources can help taxpayers weather the storm

As summer approaches, so do storms and other natural disasters. Whether it’s a hurricane, fire, flood or tornado, it’s important for people to be prepared. One way to get ready is for taxpayers to know what to do about important documents and paperwork that might be lost after a disaster.   Also, it’s good to […]

IRS Tips
Tax tips for taxpayers to consider when selling their home

The IRS has some good news for taxpayers who are selling their home. When filing their taxes, they may qualify to exclude all or part of any gain from the sale from their income. Here are some things that homeowners should think about when selling a home: Ownership and use To claim the exclusion, the […]

IRS Tips
Tax Preparers: Register for 2019 IRS Nationwide Tax Forums

The IRS reminds tax professionals to sign up for this summer’s 2019 IRS Nationwide Tax Forums. Tax professionals attending can earn up to 19 continuing education credits. The forums are three-day events featuring presentations by tax experts from the IRS and association partners. Topics on important tax issues currently facing tax professionals include cybersecurity, changes […]

IRS Tips
IRS seeks grant applications for Tax Counseling for the Elderly Program

WASHINGTON – The Internal Revenue Service is now accepting applications for the Tax Counseling for the Elderly (TCE) grant program. Interested applicants can find the TCE application package on Grants.gov. All applications must be submitted through Grants.gov by Friday, May 31. An electronic version of the grant application package, Publication 1101, Application Package and Guidelines […]

IRS Tips
LB&I Announces Large Corporate Compliance Program

WASHINGTON — The Internal Revenue Service today announced a key advancement in how it identifies its biggest and most complex large corporations. On May 15, the IRS’s Large Business and International Division (LB&I) began a new application of data analytics for determining the population of its largest and most complex corporate taxpayers. This new Large […]

IRS Tips
Three Tips to Help You File a More Complete Form 990-Series Return

A tax-exempt organization using the calendar-year as its tax year must file a Form 990-series return by May 15th, unless it has filed Form 8868, Application for Automatic Extension of Time To File an Exempt Organization Return. The IRS suggests organizations consider these three tips to help ensure a complete return and reduce the chances […]

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