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Tax Resources for Small BusinessSmall Business and Self-Employed One-Stop Resource Small Business Forms & Instructions e-File for Businesses and Self-Employed Other ResourcesTax Information for Charities
| Issue Number: 2018-13Inside This Issue
1. New rules and limitations for depreciation and expensing The Tax Cuts and Jobs Act brings changes for small businesses in 2018 and beyond. To help business owners understand new rules and limitations for depreciation and expensing under the new law, the IRS recently released Fact Sheet 2018-9. 2. 2017 refund can be used for 2018 estimated tax payment Small business/self-employed individuals due a refund on their 2017 federal tax return may be able to reduce or skip one or more of their estimated tax payments by applying their 2017 refund to their 2018 estimated tax. See Form 1040 and instructions for more information 3. Working together to stop tax scams and schemes Savvy small business owners who become aware of any illegal tax scam or scheme are encouraged to report them to the appropriate IRS contact: Tax Scams — How to Report Them. 4. IRS supports Small Business Week: April 29 – May 5 Each year the SBA's National Small Business Week recognizes the important contributions of the nation's many entrepreneurs. As in prior years, the IRS will provide the latest updates and IRS.gov information of interest to small businesses through various news channels, including a special edition e-News for Small Business on Monday, April 30. Visit the SBA Small Business Week website for a preview of events. Thank you for subscribing to this IRS e-mail 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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