Special ERC withdrawal program remains open; disaster relief; Dirty Dozen
Bookmark and Share [ [link removed] ]
a { color:#0073AF !important;} a:hover { color:#004673 !important;} <!-- body { font-family: arial; } p { font-size: 10pt; } li { font-size: 10pt; } h2 { font-size: 24px; font-style: italic;} h4 { font-size: 12pt;margin:5px 0px; } -->
IRS.gov Banner
e-News for Small Business April 15, 2024
Tax Resources for Small Business
Small Business Self-Employment Center [ [link removed] ]
Small Business Forms & Instructions [ [link removed] ]
Small Business Tax Workshops, Meetings and Seminars [ [link removed] ]
Webinars for Small Businesses [ [link removed] ]
E-file Employment Tax Forms [ [link removed] ]
Businesses with Employees [ [link removed] ]
Self-Employed Individuals Tax Center [ [link removed] ]
S Corporations [ [link removed] ]
________________________________________________________________________
Other Resources
IRS Home Page [ [link removed] ]
A-Z Index for Business [ [link removed] ]
Forms, Instructions & Publications [ [link removed] ]
Filing Your Taxes [ [link removed] ]
Pay Online [ [link removed] ]
Taxpayer Advocate Service [ [link removed] ]
Retirement Plans for Small Entities and Self-Employed [ [link removed] ]
Tax Information for Charities [ [link removed] ]
and Other Non-Profits [ [link removed] ]
State Government Websites [ [link removed] ]
SSA/RS Reporter [ [link removed] ]
IRS Social Media [ [link removed] ]
?
?
Issue Number: ?2024-07
Inside This Issue
* ERC claim withdrawal program still open; recheck claims [ #First ]
* IRS reminds U.S. taxpayers living, working abroad to file tax return [ #Second ]
* Disaster relief updates [ #Third ]
* Guidance on clean energy efficient property and improvements [ #Fourth ]
* Solar and wind powered energy facilities [ #Fifth ]
* Annual Dirty Dozen series: Increase awareness of common scams [ #Sixth ]
* Other tax news [ #Seventh ]
________________________________________________________________________
*1.? ERC claim withdrawal program still open; recheck claims*
________________________________________________________________________
The ERC Voluntary Disclosure Program expired, but the IRS encourages businesses to recheck claims [ [link removed] ] and pursue the claim withdrawal process [ [link removed] ] if they need to ask the IRS not to process an ERC claim for any tax period that hasn?t been paid yet.?
Back to top [ #top ]
________________________________________________________________________
*2.? IRS reminds U.S. taxpayers living, working abroad to file tax return*
________________________________________________________________________
The IRS reminds taxpayers living and working outside the U.S. [ [link removed] ] to file their 2023 federal income tax return by *Monday, June 17, 2024*.
Taxpayers who live or have a business in Israel, Gaza or the West Bank, and certain other taxpayers affected by the terrorist attacks in the State of Israel [ [link removed] ], have until *Oct. 7, 2024*, to both file and pay most taxes due. See Notice 2023-71 [ [link removed] ] for more information.
Back to top [ #top ]
________________________________________________________________________
*3.? Disaster relief updates*
________________________________________________________________________
Visit Tax Relief in Disaster Situations on IRS.gov [ [link removed] ] for all disaster-related tax information. Recent announcements include:
* The Wrangell Cooperative Association of Alaska Tribal Nation [ [link removed] ] affected by severe storms, landslides and mudslides that began on *Nov. 20, 2023*.
* Parts of Maine [ [link removed] ] affected by severe storms and flooding that began on *Jan. 9, 2024*.
* Parts of Rhode Island [ [link removed] ] affected by severe storms and flooding that began on *Dec. 17, 2023*, and *Jan. 9, 2024*.
* Parts of Hawaii [ [link removed] ] additional deadline extensions for those affected by wildfires that occurred *Aug. 8, 2023*.
Back to top [ #top ]
________________________________________________________________________
*4.? Guidance on clean energy efficient property and improvements*
________________________________________________________________________
The Department of Treasury and the IRS issued Announcement 2024-19 that addresses the federal income tax treatment of amounts paid for the purchase of energy efficient property and improvements [ [link removed] ].
Find additional information about energy-related tax benefits under the Inflation Reduction Act such as energy efficient homes, on IRS.gov/cleanenergy [ [link removed] ].
Back to top [ #top ]
________________________________________________________________________
*5.? Solar and wind powered energy facilities*
________________________________________________________________________
The Department of the Treasury and the IRS issued Revenue Procedure 2024-19 to provide guidance for owners of certain solar or wind facilities built in connection with low-income communities [ [link removed] ].
The Treasury Department and IRS also released Notice 2023-17 on *Feb. 13, 2023*, to establish the Low-Income Communities Bonus Credit Program.
Back to top [ #top ]
________________________________________________________________________
*6.? Annual Dirty Dozen series: Increase awareness of common scams*
________________________________________________________________________
The annual Dirty Dozen series [ [link removed] ] provides individuals and businesses with information on a variety of common scams they may encounter during the peak of filing season and beyond.
Check out current topics:
* Bogus tax avoidance strategies [ [link removed] ]
* Scams aimed at high-income filers [ [link removed] ]
* Spearphishing attacks [ [link removed] ]
* Tax advice on social media [ [link removed] ]
* Ghost preparers [ [link removed] ]
* Fake charities [ [link removed] ]
* Offer in Compromise ?mills? [ [link removed] ]
* Fuel Tax Credit claims promoters [ [link removed] ]
* Scams involving online IRS.gov accounts [ [link removed] ]
* Employee Retention Credit promoters [ [link removed] ]
* Phishing and smishing scams [ [link removed] ]
Back to top [ #top ]
________________________________________________________________________
*7.? Other tax news*
________________________________________________________________________
The following information may be of interest to individuals and groups in or related to small businesses:
* Special Saturday help is available [ [link removed] ] at 70 Tax Assistance Centers nationwide. To find out more about a *May 18* event near you, visit IRS face-to-face Saturday help [ [link removed] ] on IRS.gov.
* *Got an extension? These tips can still help you*
* Check eligibility for the Credit for Other Dependent [ [link removed] ]
* Don?t forget about the Adoption Tax Credi [ [link removed] ]
* Tax breaks for parenting expenses [ [link removed] ] can result in a lower tax bill and a higher refund
* Things to remember when filing a 2023 tax return [ [link removed] ]
Back to top [ #top ]
________________________________________________________________________
?
FaceBook Logo [ [link removed] ]??YouTube Logo [ [link removed] ] ?Instagram Logo [ [link removed] ]? Twitter Logo [ [link removed] ] ?LinkedIn Logo [ [link removed] ]
________________________________________________________________________
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.
?
________________________________________________________________________
Update your subscriptions, modify your password or email address, or stop subscriptions at any time on your Subscriber Preferences Page [ [link removed] ]. You will need your email address to log in. If you have questions or problems with the subscription service, visit subscriberhelp.govdelivery.com [ [link removed] ].
This service is provided to you at no charge by the Internal Revenue Service (IRS) [ [link removed] ].
body .abe-column-block {min-height: 5px;} ________________________________________________________________________
This email was sent to
[email protected] by: Internal Revenue Service (IRS) ? Internal Revenue Service ? 1111 Constitution Ave. N.W. ? Washington, D.C. 20535 GovDelivery logo [ [link removed] ]
body .abe-column-block { min-height: 5px; } table.gd_combo_table img {margin-left:10px; margin-right:10px;} table.gd_combo_table div.govd_image_display img, table.gd_combo_table td.gd_combo_image_cell img {margin-left:0px; margin-right:0px;}
