Tax Tip 2021-140 – Employing Employees

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...

Work Opportunity Tax Credit

Renewed work opportunity tax credit can help employers hire workers With many businesses facing a tight job market, the IRS reminds employers to check out the work opportunity tax credit. Resent legislation extended this credit through the end of 2025. This...

Extension Reminders

October 15 is fast approaching. That's the last day to file for most people who requested an extension for their 2020 tax return. These taxpayers can file any time on or before Friday, October 15 if they have all their required tax-related documents. They should also...

National Small Business Week

This is National Small Business Week. The IRS acknowledges that small business employers have unique tax responsibilities, and they make valuable contributions to the economy. The agency has a variety of information and resources to help employers understand and meet...

Reminder for extension filers: choose a tax preparer wisely

The filing extension deadline will be here soon. Taxpayers who requested an extension to file might be considering hiring a tax preparer. The IRS reminds these taxpayers to choose their tax return preparer wisely. Taxpayers are responsible for all the information on...

What people should and should not do if they get mail from the IRS

Every year the IRS mails letters or notices to taxpayers for many different reasons. Typically, it’s about a specific issue with a taxpayer’s federal tax return or tax account. A notice may tell them about changes to their account or ask for more information. It could...

“IRS” Scams

Taxpayer can protect themselves from scammers by knowing how the IRS communicates If the IRS does call a taxpayer, it should not be a surprise because the agency will generally send a notice or letter first. Understanding how the IRS communicates can help taxpayers...

COVID Tax Tip 2021-123

Important additional guidance for employers claiming the employee retention credit The IRS recently issued further guidance on the employee retention credit. This includes guidance for employers who pay qualified wages after June 30, 2021, and before January 1, 2022,...

COVID Tax Tip

The advance Child Tax Credit allows qualifying families to receive early payments of the tax credit many people may claim on their 2021 tax return during the 2022 tax filing season. The IRS will disburse these advance payments monthly through December 2021. Here some...