e-News for Small Business Issue 2020-21

e-News for Small Business December 4, 2020
Tax Resources for Small Business Small Business and Self-Employed One-Stop Resource Small Business Forms & Instructions Small Business Events Small Business Webinars e-File for Businesses and Self-Employed Businesses with Employees Small Business Products Self-Employed Individuals S Corporations Other Resources IRS.gov Find it Fast! All Forms and Instructions Filing Your Taxes Make a Payment Taxpayer Advocate Service Retirement Plans Tax Information for Charities and Other Non-Profits State Links SSA/IRS Reporter IRS Social Media	Issue Number: 2020-21 Inside This Issue A Closer Look IRS reminds employers of February 1, 2021 deadline to file Form W-2 Get ready for taxes: Steps to take now to make tax filing easier in 2021 Special deduction for cash donations made in 2020 Messages on fraud from Chief of Criminal Investigation James C. Lee and IRS Office of Fraud Enforcement Director Damon Rowe National Tax Security Awareness Week: Security Summit urges businesses to tighten security to protect against identity theft 1.  A Closer Look Eric Hylton, Commissioner, Small Business/Self Employed Division, discusses how the IRS is prioritizing high income non-filers to support fairness and integrity in our nation's tax system. It is also available here in Spanish. "A Closer Look" covers a variety of timely issues of interest to taxpayers and the tax community. It also provides a detailed look at key issues affecting everything from IRS operations and employees to issues involving taxpayers and tax professionals. Check here for prior posts and new updates. Back to top 2. IRS reminds employers of February 1, 2021 deadline to file Form W-2 Employers must file Form W-2 and other wage statements by February 1, 2021, to avoid penalties and help the IRS prevent fraud. The IRS recommends e-file as the quickest, most accurate and convenient way to file these forms. Back to top 3. Get ready for taxes: Steps to take now to make tax filing easier in 2021 The IRS encourages taxpayers to take necessary actions this fall to help file federal tax returns timely and accurately in 2021. Back to top 4. Special deduction for cash donations made in 2020 Special $300 tax deduction helps more people give to charity through cash donations made before December 31, 2020  – even if they don't itemize. Back to top 5. Messages on fraud from Chief of Criminal Investigation James C. Lee and IRS Office of Fraud Enforcement Director Damon Rowe In recognition of International Fraud Awareness Week, the IRS is highlighting the many successes in combating fraud and protecting taxpayers. As part of a continuing focus on tax compliance issues, the IRS created the Office of Fraud Enforcement to support IRS efforts to detect and deter fraud while strengthening its national fraud program. Back to top 6. National Tax Security Awareness Week: Security Summit urges businesses to tighten security to protect against identity theft The IRS, state tax agencies and the tax industry warn businesses to enact the strongest measures possible to protect their data and systems. Guard against identity thieves who try to use stolen data to file fraudulent tax returns. Learn more here. 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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