Tax Resources for Accountants and Small Businesses (U.S.)
Updated: October 30, 2025 Understanding the IRS Second B Notice When you issue Form 1099s to vendors or contractors, the IRS expects each payee’s name and taxpayer identification number (TIN) to match official records....
Introduction Receiving a letter from the IRS can be stressful, especially when it says “CP 2100 Notice” or “B Notice.”Don’t panic — this notice does not mean you are being audited or owe money.It...
IRS’s National Standards for Allowable Living Expenses IRS Collection Financial Standards are intended for use in calculating repayment of delinquent taxes. National Standards have been established for five necessary expenses: food, housekeeping supplies, apparel...
When an employee travels away from the office and incurs expenses, the company should reimburse them. Whether travelling across the world or just driving their car to a client’s location, getting the reimbursement right...
Are Employee Reimbursements Taxable? In this article we are talking about employee reimbursements and taxation. 1. Employee Reimbursements It’s inevitable that your employees will pay for business expenses with their own money and ask...
Enter the six-digit code on page 1, item B. Also enter the business activity on page 2, Schedule B, line 2(a) and a brief description of the principal product or service of the business...
Download the IRS2Go App If you have an Android device, you can visit the Android Marketplace to download the free IRS2Go app. Apple store Amazon Available features: Payment Get easy access to mobile-friendly payment...
Forms About Schedule A (Form 1040), Itemized Deductions Information about Schedule A (Form 1040), Itemized Deductions, including recent updates, related forms, and instructions on how to file. Schedule A (Form 1040) is used by filers...
IRS Publication 946 What’s New for 2020 Section 179 deduction dollar limits. For tax years beginning in 2020, the maximum section 179 expense deduction is $1,040,000 ($1,075,000 for qualified enterprise zone property). This limit...
Small and midsize employers can soon begin taking advantage of two new refundable payroll tax credits, designed to immediately and fully reimburse them, dollar-for-dollar, for the cost of providing Coronavirus-related leave to their employees....
The Treasury Department and the IRS are providing special tax filing and payment relief to individuals and businesses in response to the COVID-19 outbreak. The 2019 income tax filing and payment deadlines for all...
Employee’s Withholding Certificate Form W-4 (PDF) FAQs on the Form W-4 Give Form W-4 to your employer. Complete Form W-4 so that your employer can withhold the correct federal income tax from your pay....
Delay the April 15 tax payment deadline by 90 days Treasury Secretary Steven Mnuchin: Now, let me just be clear on the specifics: We encourage those Americans who can file their taxes to continue...
Beginning on January 1, 2020, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 57.5 cents per mile driven for business use, down one half...
Form 990 Instructions for Form 990 (HTML) Forms 990 and 990-EZ are used by tax-exempt organizations, nonexempt charitable trusts, and section 527 political organizations to provide the IRS with the information required by section...
Beginning on Jan. 1, 2016, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 54 cents per mile for business miles driven, down from 57.5...
The Internal Revenue Service today reminded everyone who has one or more bank or financial accounts located outside the United States, or signature authority over such accounts, that they may need to file an...
The Internal Revenue Service today announced cost‑of‑living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2015. Many of the pension plan limitations will change for 2015 because the...
IRS News Release and Fact Sheet Archive M. SpikEditor 25 years of experience managing tax, accounting, payroll, and employment-related information portals. Editor of Accounting Portal since 2011. Read full bio → www.accountingportal.com/about-m-spik/
Standard mileage rates. The 2013 rate for business use of your car is increased to 56½ cents a mile. The 2013 rate for use of your car to get medical care is increased to 24...