e-News for Small Business Issue 2025-5

The IRS announced tax relief for businesses and individuals in parts of West Virginia affected by severe storms, straight-line winds, flooding, landslides and mudslides that began on Feb. 15.

These taxpayers have until Nov. 3 to file various federal business and individual tax returns and make tax payments.

The same relief is available to any counties added to the disaster area later. Visit the Tax Relief in Disaster Situations page on IRS.gov for the current list of eligible locations.

IRS shares FAQs to help businesses with Employee Retention Credit and income tax returns

The IRS shared a set of frequently asked questions on the Employee Retention Credit and income tax. The information explains how businesses can resolve issues with income tax returns if the business:

Didn’t reduce its wage expense and their ERC claim was allowed, or
Reduced its wage expense and their ERC claim was disallowed.

Tax filing resources

Free options available for preparing and filing taxes

The IRS encouraged taxpayers who still need to prepare and file their tax returns to check out the many free options available.

IRS Free File offers free tax preparation software through IRS partners on IRS.gov. Also, the IRS offers free in-person help through its Volunteer Income Tax Assistance and the Tax Counseling for the Elderly programs.

Check out the latest IRS Tax Time Guide

The IRS encourages taxpayers to file a tax return or pay taxes they owe using electronic options on IRS.gov by April 15. These digital tools can help taxpayers avoid owing late filing and interest fees.

Act now to claim refunds from tax year 2021

More than 1.1 million people across the nation have unclaimed refunds for tax year 2021 but face an April 15 deadline to submit their tax returns.

The IRS estimates that more than $1 billion in refunds remain unclaimed by taxpayers who haven’t filed their Form 1040, Federal Income Tax Return, for the 2021 tax year. Those who need to file their 2021 tax return should start preparing now so they can file by the deadline.

Current and prior year tax forms, such as the tax year 2021 Forms 1040 and 1040-SR and instructions are available on the IRS.gov Forms and Instructions page or by calling toll-free 800-TAX-FORM (800-829-3676).

Other tax news

These topics may be of interest to small businesses and their partners:

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. You will need your email address to log in. If you have questions or problems with the subscription service, visit subscriberhelp.govdelivery.com.

This service is provided to you at no charge by the Internal Revenue Service (IRS).

This email was sent to [email protected] by: Internal Revenue Service (IRS) · Internal Revenue Service · 1111 Constitution Ave. N.W. · Washington, D.C. 20535