IR-2024-123: National Small Business Week 2024 begins; IRS offers tax resources, information to nation's entrepreneurs

IRS Newswire April 26, 2024
News Essentials What's Hot News Releases IRS - The Basics IRS Guidance Media Contacts Facts & Figures Around The Nation e-News Subscriptions The Newsroom Topics Multimedia Center Noticias en Español Radio PSAs Tax Scams The Tax Gap Fact Sheets IRS Tax Tips Armed Forces Latest News Home IRS Resources Contact My Local Office Filing Options Forms & Instructions Frequently Asked Questions News Taxpayer Advocate Where to File IRS Social Media	Issue Number:    IR-2024-123 Inside This Issue   National Small Business Week 2024 begins; IRS offers tax resources, information to nation's entrepreneurs   WASHINGTON – The Internal Revenue Service today offered helpful information to entrepreneurs in anticipation of the upcoming kick-off of National Small Business Week, celebrating and recognizing the crucial contributions America's small businesses make to the nation's economy.   Each year, the U.S. Small Business Administration spearheads National Small Business Week, helping entrepreneurs with resources, benefits and other important business startup information that small business owners can use to launch their enterprises. This year's celebration — Building on America's Small Business Boom — runs from April 28 through May 4.   The Internal Revenue Service is a partner in the National Small Business Week celebration, and this year the IRS will be showcasing numerous resources to help small business entrepreneurs learn and understand their tax responsibilities and benefits. Throughout the week, IRS will be publishing helpful information in its popular Tax Tips e-News publications, as well as on IRS social media platforms including Facebook, X (formerly Twitter), LinkedIn and Instagram.   Next week, the IRS will share several important tax topics to help small business entrepreneurs prosper and grow:  Monday, April 29. Best practices for small businesses — The IRS strongly encourages small business entrepreneurs to take advantage of the numerous resources available on gov. Knowing how to start a business and understanding best practices are essential for the success of small businesses. Tuesday, April 30. What to know when starting a business — Gain insights into key factors to consider when launching a new business venture. Access the Starting a business webpage to ensure a strong foundation for an entrepreneurial journey. Wednesday, May 1. Beware of scams — The IRS "Dirty Dozen" and more. Most cyberattacks are aimed at small businesses with fewer than 100 employees. Small business owners must implement data protection safeguards and always be on the lookout for tax-related scams. Thursday, May 2. Tips for tax pros who support small businesses — Stay informed with the latest IRS updates and access resources tailored for tax professionals. Friday, May 3. Expect the unexpected — The IRS can help small businesses after a disaster. A critical focus of the IRS is to relieve the federal tax burden of taxpayers who have been impacted by federally declared disasters. The IRS works with various agencies to provide assistance and coordinate disaster relief.  Seeking to start a small business involves several important considerations related to tax issues:   How to get an Employer Identification Number   Most business owners need an Employer Identification Number (EIN), a permanent form of identification that, in many cases, must be used for filing a tax return and can be used for various business needs such as opening bank accounts. Businesses can get an EIN online immediately at IRS.gov, and it's free.   Choosing a business structure   Small business owners, as taxpayers, must decide on what the most appropriate business structure should be for their enterprise when they start their new business. The business structure they choose dictates the type of income tax return form that the business owner will file each year. Some common business structures include:  Sole proprietorship. Individuals who own unincorporated businesses exclusively, by and for themselves are sole proprietors. Partnerships. A partnership is the relationship between two or more people to conduct trade or business, with each person contributing money, property, labor or skill and sharing in the profits and losses of the business. Corporations. In a corporation, prospective shareholders exchange money, property or both in order to acquire the corporation's capital stock. S corporations. An S corporation is a corporation that elects to pass corporate income, losses, deductions and credits to its shareholders for federal tax purposes. Limited liability company (LLC). An LLC may be treated as a corporation, a partnership or as part of the owner's tax return (e.g., sole proprietorship), depending on elections made by the LLC and its members. LLCs may also be subject to state regulations, which vary from state to state.  Understanding business taxes   Federal law requires all individuals, including small business owners, to pay taxes on all income earned. This typically involves making quarterly estimated tax payments for small business owners and self-employed individuals. How business taxes are paid depends on the business structure that an entrepreneur has chosen. The following are the four generally recognized business tax types:  Income tax. With the exception of partnerships, all businesses must file an annual federal income tax return; partnerships must file an information return. Self-employment tax. A Social Security and Medicare tax primarily for individuals who work for themselves. Tax payments contribute to the individual's Social Security system coverage. Employment tax. Small businesses with employees have certain employment tax responsibilities that must be paid, along with specific forms that must be filed. Excise tax. Imposed on various goods, services and activities, excise taxes may be imposed on a manufacturer, retailer or consumer, depending on the specific tax.  Choosing a "tax year"   A "tax year" is an accounting period for reporting income and expenses. Small businesses can choose which tax year works best for their operational needs:  Calendar year. Twelve consecutive months beginning January 1 and ending December 31. Fiscal year. Twelve consecutive months ending on the last day of any month except December. A 52- to 53-week tax year is a fiscal tax year that varies from 52 to 53 weeks but does not have to end on the last day of a month.  Be a responsible recordkeeper   Maintaining well-organized business records not only helps in tax return preparation, but also assists small business owners in preparing financial statements, identifying income sources, tracking deductible expenses and monitoring their business progress. Small business owners should retain their business records for at least three years.   More small business information  Small Business and Self-Employed Tax Center 10 Steps to Start Your Business Hobby or Business? IRS Offers Tips to Decide Industries, Professions and Business Tax Centers  Finally, for more information on a broader range of topics and answers to small business tax questions, visit the IRS website at IRS.gov.    Back to Top         Thank you for subscribing to the IRS Newswire, an IRS e-mail service. If you know someone who might want to subscribe to this mailing list, please forward this message to them so they can subscribe. This message was distributed automatically from the mailing list IRS Newswire. Please Do Not Reply To This Message.

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Consejos Tributarios del IRS 26 de abril de 2024
Esenciales de Noticias Noticias en Español Consejos Tributarios del Cuidado de Salud Oficina de Prensa Fraudes Tributarios Alrededor de la Nación Temas de Interés IRS.gov/Español   Consejos Tributarios Centro Multimediático Hojas de Datos Recursos del IRS Medios Sociales y el IRS Contacto de Mi Oficina Local Formularios e Instrucciones Defensor del Contribuyente Los Derechos del Contribuyente	Consejo Tributario del IRS 2024-39SP En Esta Edición Lo que significa para los contribuyentes el derecho a un sistema tributario justo y adecuado Justicia a la hora de los impuestos significa que el sistema tributario es adecuado para todos los ciudadanos. El derecho a un sistema justo y adecuado es uno de los 10 derechos en la Carta de Derechos del Contribuyente, que describe claramente los derechos fundamentales de cada contribuyente. El IRS quiere que todos los contribuyentes sepan lo que este derecho significa; Los contribuyentes tienen derecho a esperar que el sistema tributario considere hechos y circunstancias que puedan afectar sus responsabilidades subyacentes, la capacidad de pago o la capacidad de proporcionar información oportunamente. Los contribuyentes tienen el derecho a recibir asistencia del Servicio del Defensor del Contribuyente si experimentan dificultades financieras o si el IRS no ha resuelto sus problemas tributarios de manera adecuada y oportuna a través de las vías normales del IRS. Los contribuyentes que no pueden pagar su deuda tributaria en su totalidad y cumplan con ciertas condiciones pueden obtener un plan de pago con el IRS. Esto significa que el contribuyente pagara un monto fijo por un periodo de tiempo, generalmente en pagos mensuales. Los contribuyentes pueden presentar un ofrecimiento de transacción al IRS solicitando liquidar el saldo de su deuda tributaria por un monto inferior al total. Puede hacer esto si: Creen que no deben la totalidad o parte de la deuda tributaria. No puede pagar el monto total dentro del tiempo permitido por la ley para cobrarlo. Tienen factores como la equidad, las dificultades o la política pública que creen que el IRS debería considerar al determinar si se debe resolver la responsabilidad. El IRS ha publicado una lista de directrices nacionales y locales acerca de los costos básicos de subsistencia que se usa al considerar un ofrecimiento de transacción que reduce la deuda tributaria de alguien. Los empleados del IRS no pueden usar estas directrices si resultan en que el contribuyente no tenga suficiente dinero para pagar sus gastos básicos de subsistencia. En estos casos, el IRS usará los gastos reales del contribuyente. El IRS no puede confiscar ni embargar todos sus salarios para recaudar su deuda de impuestos. Una porción estará exenta de impuestos para permitirle pagar los gastos básicos de subsistencia. El IRS puede anular la porción no pagada de cualquier impuesto o responsabilidad, y está específicamente autorizado para anular el interés excesivo que se evaluó erróneamente, ilegalmente o después de que el período estatutario de cobranza haya expirado. El IRS tiene la discreción de disminuir el interés en un pago insuficiente cuando un empleado del IRS causó un retraso o error irrazonable, y cuando no se atribuye ningún aspecto significativo del error al contribuyente. Más información: Publicación 1 (SP) del IRS, Derechos del Contribuyente Servicio del Defensor del Contribuyente Back to top         Gracias por suscribirse a Consejos Tributarios en Español del IRS, un servicio de correo electrónico del IRS. Para obtener más información sobre los impuestos federales, por favor visite la página de internet IRS.gov. Este mensaje fue distribuido automáticamente de la lista de correos electrónicos de Consejos Tributarios en Español del IRS. Por favor no responda a este mensaje.

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Special edition: e-News for Small Business- Announcing National Small Business Week

Announcing National Small Business Week

e-News for Small Business April 26, 2024
Tax Resources for Small Business Small Business Self-Employment Center Small Business Forms & Instructions Small Business Tax Workshops, Meetings and Seminars Webinars for Small Businesses E-file Employment Tax Forms Businesses with Employees Self-Employed Individuals Tax Center S Corporations Other Resources IRS Home Page A-Z Index for Business Forms, Instructions & Publications Filing Your Taxes Pay Online Taxpayer Advocate Service Retirement Plans for Small Entities and Self-Employed Tax Information for Charities and Other Non-Profits State Government Websites SSA/RS Reporter IRS Social Media	Issue Number:  2024-08 Announcing National Small Business Week The IRS joins the Small Business Administration in support of National Small Business Week April 28 - May 4, 2024. Throughout the week, the IRS will highlight its resources to help small businesses. Bookmark the IRS Small Business Week webpage, which includes information on topics such as small business best practices, common scams to lookout for, IRS disaster tax relief and more. There's still time to register for the SBA's virtual event. The free two-day summit for established and aspiring businesses will include: Educational presentations by experts Exhibit booths Expert business advice Free business resources Multiple peer-to-peer networking room IRS Tax Centers All online tax centers are available in English, Spanish, Vietnamese, Chinese (Traditional and Simplified), Korean, Russian and Haitian-Creole. They include: Gig Economy Tax Center: A resource where people who earn income providing on-demand work, services or goods can quickly find answers to common tax questions, helpful tips and tax forms. Self-Employed Individuals Tax Center: A resource for sole proprietors and others who are in business for themselves. This site has many useful tips and references to tax rules a self-employed person may need to know. Small Business and Self-Employed Tax Center: A resource featuring a variety of useful tools, a downloadable tax calendar and common forms with instructions. Online tax news The IRS uses social media and electronic newsletters to share updates on tax changes, scam alerts, initiatives, products and services. Stay connected through: IRS social media IRS e-News for Small Business ePosters Small Businesses & Tax-Exempt Organizations: Beware of Employee Retention Credit Scams! Tips to Help Small Businesses Choose a Tax Preparer Tips & Resources for Military Spouse Entrepreneurs Tools & Resources for Small Businesses More helpful IRS resources in multiple languages Business Tax Credits: Get information about the general business credit and how to claim it. (Spanish, Traditional Chinese, Korean, Russian, Vietnamese) Publication 5557, A Guide to Starting a Small Business: Find quick tips and resources about taxes in this guide about opening and running a small business. Spanish, Simplified Chinese and Traditional Chinese. Starting a business: Learn about business structures and taxes when starting a business. (Spanish, Traditional Chinese, Korean, Russian, Vietnamese) Back to top           Thank you for subscribing to this IRS email service. This message was distributed automatically from the mailing list e-News for Small Business. Please Do Not Reply To This Message.

 

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Consejos Tributarios del IRS 26 de abril de 2024
Esenciales de Noticias Noticias en Español Consejos Tributarios del Cuidado de Salud Oficina de Prensa Fraudes Tributarios Alrededor de la Nación Temas de Interés IRS.gov/Español   Consejos Tributarios Centro Multimediático Hojas de Datos Recursos del IRS Medios Sociales y el IRS Contacto de Mi Oficina Local Formularios e Instrucciones Defensor del Contribuyente Los Derechos del Contribuyente	Consejo Tributario del IRS 2024-37SP En Esta Edición Contribuyentes podrían saldar deuda tributaria federal con ofrecimiento de transacción Cuando un contribuyente no puede pagar la totalidad de su deuda tributaria o si pagar le causaría dificultades financieras, debería considerar solicitar un ofrecimiento de transacción. Para obtener ayuda para presentar un ofrecimiento de transacción por parte de un representante legítimo, se recomienda a los contribuyentes que busquen un agente inscrito con licencia o un contador acreditado en su área. Cómo funciona un ofrecimiento de transacción Este es un acuerdo entre un contribuyente y el IRS que liquida una deuda tributaria por menos del monto total. El objetivo es llegar a un acuerdo que beneficie tanto al contribuyente como a la agencia. La solicitud de ofrecimiento de transacción incluye una tarifa de $205 y un pago inicial. Los contribuyentes de bajos ingresos no tienen que pagar ni la tarifa ni el pago inicial. Los contribuyentes deben revisar las instrucciones del Formulario 656-B (SP), Folleto de Información sobre el Formulario 656 Ofrecimiento de Transacción, para ver si cumplen con los requisitos para que se eliminen estos costos iniciales. ¿Quién es elegible? Los contribuyentes pueden verificar su elegibilidad y preparar una propuesta preliminar con la Herramienta de precalificación de ofrecimiento de transacción (en inglés). Revise el folleto de ofrecimiento de transacción Los contribuyentes elegibles deben descargar y revisar la última versión del folleto del ofrecimiento de transacción para evitar demoras en el procesamiento. Este folleto cubre todo lo que un contribuyente necesita saber acerca de cómo presentar un ofrecimiento de transacción, incluyendo: Elegibilidad. Costos de solicitud. Proceso de solicitud. Formularios. Evaluación de solicitudes Al revisar las solicitudes, el IRS considera el conjunto único de hechos y circunstancias especiales del contribuyente que afectan su capacidad de pago, incluido su: Ingreso. Gastos. Equidad de activos. Cuidado con las fábricas de ofrecimientos de transacción Las fábricas de ofrecimientos de transacción promueven agresivamente los ofrecimientos de transacción de manera engañosa entre personas que claramente no cumplen con los requisitos, lo que a menudo les cuesta a los contribuyentes miles de dólares. Una fábrica de ofrecimientos de transacción generalmente hace afirmaciones extravagantes acerca de cómo pueden saldar la deuda tributaria de una persona por poco dinero. Los honorarios de los promotores suelen ser excesivos y los contribuyentes elegibles pagan el ofrecimiento de transacción para obtener el mismo trato que podrían haber recibido por su cuenta trabajando directamente con el IRS. Esto saca dinero innecesario de la billetera del contribuyente. Además, no todos los contribuyentes calificarán para un ofrecimiento de transacción. Algunos promotores, a sabiendas, aconsejan a los contribuyentes endeudados que presenten un ofrecimiento de transacción a pesar de que saben que la persona no calificará, lo que les cuesta dinero y tiempo a los contribuyentes honestos. Información adicional: Cómo elegir un profesional de impuestos Directorio de preparadores de impuestos federales con credenciales y calificaciones selectas (en inglés)  Back to top         Gracias por suscribirse a Consejos Tributarios en Español del IRS, un servicio de correo electrónico del IRS. Para obtener más información sobre los impuestos federales, por favor visite la página de internet IRS.gov. Este mensaje fue distribuido automáticamente de la lista de correos electrónicos de Consejos Tributarios en Español del IRS. Por favor no responda a este mensaje.

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