e-News for Small Businesses
October 14, 2009
Tax Resources for Small Businesses
Small Business and SelfEmployed One-Stop Resource Small Business Forms & Pubs Small Business Events e-File for Businesses and SelfEmployed Businesses with Employees Small Business Products Self-Employed Individuals S Corporations
Issue Number: 2009-21 Inside This Issue
Erroneous notices October is National Disability Month Faster write-offs for certain capital expenditures Oct. 17 deadline to request state certification for some new hires 5. Taxes: What you need to know 6. Recent IRS announcements
1. 2. 3. 4.
1. Erroneous notices
Due to a scanning error some small businesses have received notices asking them to submit Form 941 Schedule B although they filed the form with their return. If you received one of the erroneous notices please resubmit the appropriate Schedule B along with the notice to the IRS as soon as possible to avoid additional erroneous notices. We apologize for any inconvenience.
Other Resources
Find it Fast! All Forms and Pubs Electronic IRS
Back to top Federal Tax Gap Retirement Plans
2. October is National Disability Month
Tax Information for Charities and Other Non-Profits State Links
Businesses accommodating people with disabilities may qualify for tax credits and deductions.
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Other Agencies SSA/IRS Reporter Back to Top
3. Faster write-offs for certain capital expenditures
Many small businesses that invest in new property and equipment will be able to write off most or all of these purchases on their 2009 returns. A new IRS.gov page has more information on the bonus depreciation and increased Section 179 deduction.
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4. Oct. 17 deadline to request state certification for some new hires
Businesses planning to claim the recently-expanded work opportunity tax credit for eligible unemployed veterans and disconnected youth hired before mid-September have until Oct. 17 to request certification for these workers from their state workforce agency. Related links:
IR-2009-89, Oct. 17 is Last Day for Businesses to Request Tax Credit Certification for Some New Hires Work Opportunity Credit
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5. Taxes: What you need to know
The Taxpayer Advocate Service, an independent organization within the IRS that helps individuals and businesses resolve problems with the IRS, has revamped its toolkit, Taxes: What You Need to Know.
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6. Recent IRS announcements
IR-2009-87, Taxpayers Have Until Oct. 15 to File Extended 2008 Tax Returns; Offshore Voluntary Disclosures Also Due IR-2009-88, Special Sales Tax Deduction for Car Purchases Available through End of 2009 IR-2009-91, New IRS Retirement Plan Navigator Aims to Help Small Businesses
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