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Business Retirement Plan

Find the right retirement plans for your business with the new IRS Retirement Plans Navigator: http://www.retirementplans.irs.gov/. On this website you can compare, choose, and correct plans suitable for your business.

IRS Videos

IRS is on YouTube! http://www.youtube.com/irsvideos

Archive for the 'Business Tax' Category

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IRS Reminds Car Shoppers about 2009 Tax Break

The Internal Revenue Service today reminds individual taxpayers who are considering buying a new car that they have until Dec. 31 to take advantage of a tax break that may not be around in 2010.
Taxpayers who buy a qualifying new motor vehicle this year after Feb. 16 can deduct the state or [...]

Exempt Organizations and Form 990 Requirements

The Internal Revenue Service has launched a new case study and video program to help exempt organizations and their tax preparers better understand the newly revised Form 990 series which must be filed for the 2008 tax year.
The Form 990 series, redesigned for the first time in nearly 30 years, requires [...]

Special Sales Tax Deduction for Car Purchases Available through End of 2009

WASHINGTON — With 2010 models arriving in dealer showrooms, the Internal Revenue Service reminds taxpayers that purchasing a new car, light truck, motor home or motorcycle could qualify them for a special deduction for the state and local sales and excise taxes on their 2009 tax returns.
Purchases made before Jan. 1, 2010, [...]

IRS Extends Deadline for Disclosing Hidden Offshore Accounts

The Internal Revenue Service today announced a one-time extension of the deadline for special voluntary disclosures by taxpayers with unreported income from hidden offshore accounts. These taxpayers now have until Oct. 15, 2009.
Under special provisions issued in March, taxpayers with these hidden accounts originally had until Sept. 23, 2009 to come forward. [...]

Tax Breaks for Small Business; Act Now and Save, IRS Says

Small Business Week is May 17 to 23, and the Internal Revenue Service urges small businesses to act now and take advantage of tax-saving opportunities included in the recovery law.
The American Recovery and Reinvestment Act (ARRA), enacted in February, created, extended or expanded a variety of business tax deductions and credits. [...]

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