What employers need to know when classifying workers as employees or independent contractors It is critical for business owners to correctly determine whether the individuals providing services are employees or independent contractors. An employee is generally considered anyone who performs services, if the business can control what will be done and how it will be… Read More »
Understanding the tax responsibilities that come with starting a business Small business owners have a variety of tax responsibilities. The IRS knows that understanding and meeting tax obligations is vital to the success of all businesses, especially a new one. IRS.gov has the resources and information to help people through the process of starting a new… Read More »
Taxpayers can find answers to questions about payments and penalties on IRS.gov Taxpayers can find answers to most questions about tax payments and penalties on IRS.gov. The Let Us Help You page, features links to information and resources on a wide range of topics related to penalties and payments. Payments Payment options • This page lays out… Read More »
All taxpayers have the right to challenge the IRS’s position and be heard Taxpayers have the right to challenge the IRS’s position and be heard. This is part of the Taxpayer Bill of Rights, which clearly outlines the fundamental rights every taxpayer has when working with the IRS. Taxpayers have the right to: • Raise objections. • Provide… Read More »
September is National Preparedness Month; IRS urges taxpayers to prepare for natural disasters Aug. 30, 2021 WASHINGTON — September is National Preparedness Month. With the height of hurricane season fast approaching and the ongoing threat of wildfires in some parts of the country, the Internal Revenue Service reminds everyone to develop an emergency preparedness plan.… Read More »
Low-income families still have time to sign up for advance child tax credit payments It’s not too late for low-income families to sign up for advance child tax credit payments. The IRS urges anyone who normally isn’t required to file a tax return to explore the tools available on IRS.gov. The Eligibility Assistant can help determine… Read More »
Inside This Issue News from the Justice Department’s Tax Division: IRS Commissioner comments on syndicated conservation easement guilty pleas Webinars: Archived videos available on the IRS Video Portal Technical Guidance 1. News from the Justice Department’s Tax Division: IRS Commissioner comments on syndicated conservation easement guilty pleas Stein Agee of Canton, Ga., and Corey Agee… Read More »
N-21-04: Final Extension of Temporary Relief for Fuel Removals Destined for Nontaxable Use Due to West Shore Pipeline Shutdown Notice 2021-04 provides the final extension of the temporary dyed fuel relief provided in section 3.02 of Notice 2017-30, 2017-21 I.R.B. 1248. The temporary relief was extended through December 31, 2018, by section 3 of Notice 2018-39,… Read More »
N-21-03: Extension of Temporary Relief from the Physical Presence Requirement for Spousal Consents Under Qualified Retirement Plans In response to the continuing public health emergency caused by the Coronavirus Disease 2019 (COVID-19) pandemic, Notice 2021-03 extends from January 1, 2021, through June 30, 2021, the temporary relief provided in Notice 2020-42, 2020-26 I.R.B. 986, from the physical… Read More »
IRS issues standard mileage rates for 2021 WASHINGTON — The Internal Revenue Service on 22.12.2020 issued the 2021 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2021, the standard mileage rates for the use of a car (also vans,… Read More »