Small Business Week, LITC, appeals, new data book, tax filing reminders, register for Nationwide Tax Forum

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e-News for Small Business April 30, 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] ]

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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] ]

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Issue Number: ?2024-09

Inside This Issue

* IRS partners with National Small Business Week to offer entrepreneurs resources [ #First ]
* 2025 Low Income Taxpayer Clinic grant application open [ #Second ]
* Appeals forms Alternative Dispute Resolution office [ #Third ]
* IRS releases 2023 Data Book [ #Fourth ]
* Federal tax filing reminders [ #Fifth ]
* Frequently asked questions for the New, Previously Owned and Qualified Commercial Clean Vehicle Credits revised [ #Sixth ]
* IRS provides guidance on what is considered taxable income [ #Seventh ]
* Tax pros serving businesses: Register for the 2024 Nationwide Tax Forum [ #Eighth ]
* Other tax news [ #Ninth ]
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*1.? IRS partners with National Small Business Week to offer entrepreneurs resources*
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The IRS offers helpful information to entrepreneurs during National Small Business Week [ [link removed] ], celebrating and recognizing the crucial contributions America's small businesses make to the nation's economy.

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*2.? 2025 Low Income Taxpayer Clinic grant application open*
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The IRS is accepting applications [ [link removed] ] for Low Income Taxpayer Clinic matching grants from all qualified organizations through *June 12, 2024*. The funding and the period of performance for the grant will be *Jan. 1, 2025 *to *Dec. 31, 2025*.

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*3.? Appeals forms Alternative Dispute Resolution office*
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The IRS Independent Office of Appeals announced its new Alternative Dispute Resolution Program Management Office [ [link removed] ]. This office will collaborate with the IRS?s business operating divisions to help businesses and individuals resolve tax disputes earlier and more efficiently.

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*4.? IRS releases 2023 Data Book*
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The IRS issued its annual Data Book detailing the agency?s activities during fiscal year 2023 [ [link removed] ] (*Oct. 1, 2022 ? Sept. 30, 2023*), including revenue collected and tax returns processed.

For FY 2023, the IRS collected approximately $4.7 trillion, or about 96 percent of the funding that supports the federal government?s operations ? to fund everything from education to national defense.

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*5.? Federal tax filing reminders*
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* What to do if you missed the April tax filing deadline [ [link removed] ]
* Use the IRS Tax Withholding Estimator [ [link removed] ] to ensure estimated tax payments and withholdings are correct for 2024
* IRS Free File [ [link removed] ] is still available to file federal tax return
* IRS has variety of free tools and resources available on IRS.gov [ [link removed] ]

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*6.? Frequently asked questions for the New, Previously Owned and Qualified Commercial Clean Vehicle Credits revised*
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The IRS updated frequently asked questions in Fact Sheet 2024-14 [ [link removed] ] to provide guidance related to the New, Previously Owned and Qualified Commercial Clean Vehicle Credits.

These FAQs supersede December 2023 FAQs in Fact Sheet 2023-29 [ [link removed] ].

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*7.? IRS provides guidance on what is considered taxable income*
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?Are you making extra cash selling stuff or providing a service?? [ [link removed] ] is available to help, for more information check out other resources on the @IRSvideos YouTube channel [ [link removed] ] and in the Tax Tips playlist [ [link removed] ].

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*8.? Tax pros serving businesses: Register for the 2024 Nationwide Tax Forum*
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The IRS encourages tax professionals to register for the 2024 IRS Nationwide Tax Forum [ [link removed] ], coming this summer to Chicago, Orlando, Baltimore, Dallas and San Diego.

This year?s agenda features more than 40 sessions on tax law and ethics, and hot topics like beneficial ownership information, cybersecurity, tax scams and schemes, digital assets and clean energy credits.

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*9.? Other tax news*
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This information may interest individuals or groups related to small businesses:


* *Tax Tips*
* Taxpayers could settle federal tax debt [ [link removed] ] with an offer in compromise
* Missed the deadline [ [link removed] ] to file a federal tax return, the IRS can help
* Debunking common myths [ [link removed] ] about federal tax refunds
* Filing a?federal tax return when not required [ [link removed] ] could mean an income tax refund
* Taxpayers have the right to pay no more than the correct amount of tax [ [link removed] ]
* Direct deposit is best way to get federal tax refund [ [link removed] ]
* Options for taxpayers who need help paying a tax bill [ [link removed] ]


* Treasury, IRS issue corrected census tracts for Qualified Alternative Fuel Vehicle Refueling [ [link removed] ] Property Credit for home or business.
* Treasury, IRS issue guidance on the credit for the production of clean hydrogen [ [link removed] ]
* Treasury and IRS announce new regulations on corporate stock repurchase excise tax [ [link removed] ]

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