Straight from the IRS: The 2013 IRS Tax Calendar for Small Business and Self Employed, Publication 1518, (English and Spanish) will ship in December. It can be pre-ordered online now. The Tax Calendar for Small Businesses and Self-Employed is a 12-month wall calendar, filled with useful information on: general business taxes, IRS and SSA customer […]
By Glenna Mae Hendricks, E.A. Last month, the IRS updated its Audit Techniques Guide (ATG) for cash-intensive businesses and the complexities of e-commerce. This means they will ramp-up the number of audits for businesses in this area–the IRS likes to go where they feel there is a large amount of money to be gained and […]
The IRS announced that it will start Form 1099-K matching in late 2013. In February of 2012, the IRS provided a reprieve from merchant card reporting on business returns for 2011 Schedule C and Forms 1065, 1120S and 1120; however, the IRS plans to change its approach after 2012 returns are filed. The IRS has indicated […]
The Internal Revenue Service has a virtual space where small business owners can learn about federal tax responsibilities: Virtual Small Business Tax Workshop. Click to open then click “Start” mid-level on the left. Sit back and learn something. The nice thing is you can do it over as many times as you feel the need.