IRS recognizes Small Business Week: Resources available to help employers

WASHINGTON — During National Small Business Week, the Internal Revenue Service wants small business owners to know that information and resources to help them understand and meet their tax obligations are available free at Small businesses play a pivotal role in our nation’s economy. The IRS has a variety of resources available to help…
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Upcoming Pilot Program – Form 13930-A Simplified CWA

The Central Withholding Agreement (CWA) Program will soon be launching a pilot program for the revised Form 13930-A Simplified CWA Application process.  The revised Form 13930-A will expand certain eligibility criteria, allow for expenses, and eliminate the requirement to make CWA deposits in advance.   The revised Form 13930-A Simplified CWA Application will require submission of…
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Expanded tax benefits help individuals and businesses give to charity during 2021; deductions up to $600 available for cash donations by non-itemizers

WASHINGTON – The Internal Revenue Service today explained how expanded tax benefits can help both individuals and businesses give to charity before the end of this year. The Taxpayer Certainty and Disaster Tax Relief Act of 2020, enacted last December, provides several provisions to help individuals and businesses who give to charity. The new law…
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IRS Statement: Child Tax Credits update

Last week, the IRS successfully delivered a third monthly round of approximately 35 million Child Tax Credits, totaling $15 billion. We have resolved a technical issue, which we estimate caused fewer than 2% of CTC recipients not to receive their September payment. These individuals will receive their payments as early as today by direct deposit or…
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