Beware of False Employee Retention Credit Claims
2023-03-07 11:50 IRS issues renewed warning on Employee Retention Credit claims; false claims generate compliance risk for people and businesses claiming credit improperly WASHINGTON -- The Internal Revenue Service today issued a renewed warning urging people to carefully review the Employee Retention Credit (ERC) ...
Don't Get Fooled By These Social Media Tax Hoaxes
2023-03-03 11:45 IRS warns taxpayers of new filing season scams involving Form W-2 wages; those filing fake returns face potential penalties, investigation   WASHINGTON – The Internal Revenue Service issued a consumer alert today to warn taxpayers of new scams that urge people to use wage information on a tax retu...
Requirements for Small Business: Filings & Recordkeeping
2023-02-25 11:35 There are about 57 million small businesses and self-employed taxpayers in the United States, including: Corporations and partnerships with assets less than $10 million Sole proprietors Independent contractors Members of a partnership that carries on a trade or business Othe...
IRS Extends Tax Deadline To Oct. 16th for Disaster Areas in California, Alabama And Georgia
2023-02-24 11:25 https://www.irs.gov/newsroom/irs-announces-tax-relief-for-victims-of-severe-winter-storms-flooding-landslides-and-mudslides-in-california   Updated 2/24/23: This news release has been updated to change the filing and payment deadlines from May 15, 2023 to October 16, 2023.   Following the disast...
Businesses, Remember To File Your 1099s & W-2s
2023-01-21 22:00 IRS reminds employers of Jan. 31 deadline for Form W-2, other wage statements   WASHINGTON - The Internal Revenue Service today reminded employers and other businesses to file Tax Year 2022 Form W-2 and other wage statements by Jan. 31, 2023.   Employers must file their copies of Form W-2, Wage ...
California Storm Victims Offered Tax Deadline Relief
2023-01-15 09:50 Hi All,   The IRS announced comprehensive tax relief provisions for taxpayers affected by California’s winter storms. These relief provisions provide an extended due date to May 15, 2023, for disaster-affected taxpayers to file returns. Relief provisions include: Quarterly estimated tax paymen...
Tax Season Begins Jan 23rd
2023-01-15 09:40 The Internal Revenue Service today announced Monday, Jan. 23, 2023, as the beginning of the nation's 2023 tax season when the agency will begin accepting and processing 2022 tax year returns.   More than 168 million individual tax returns are expected to be filed, with the vast majority of those c...