Current Tax Tips

Wedding planning checklist: cake, rings, flowers … tax forms?

Tax Tip 2022-77, May 18, 2022 — The summer wedding season is fast approaching. Wedding planning is often overwhelming but figuring out how marriage will affect a couple’s tax situation doesn’t have to be. Here are a few things couples should think about as they prepare for the big day.

School is out for the summer, but tax planning is year-round

Tax Tip 2022-76, May 17, 2022 — Now that the April filing deadline has passed, most people are spending more time thinking about summer vacations than taxes. However, summer is a great time to review withholding and see if summer plans will affect next year’s tax return.

Disaster resources to help taxpayers weather summer storms

Tax Tip 2022-75, May 16, 2022 — The arrival of summer also means the start of hurricane season. One way taxpayers can prepare for any type of natural disaster is by knowing what to do about important documents and paperwork that might be lost after a disaster.

Filing payroll taxes electronically is a smart business move

Tax Tip 2022-74, May 12, 2022 — Business owners can simplify things by filing payroll taxes electronically. E-file software performs calculations and populates forms and schedules using a step-by-step process. It will also alert the filer if they are missing information which reduces the chances of receiving an IRS notice

Employers should choose their third-party payroll service provider wisely to prevent fraud

Tax Tip 2022-73, May 11, 2022 — When hiring a company to handle payroll and payroll tax, it’s important for businesses to choose wisely. This can help a business avoid missed deposits for employment taxes and other unpaid bills.

Registration is now open for the 2022 IRS Nationwide Tax Forum

Tax Tip 2022-72, May 10, 2022 — Tax professionals who want to keep up with changing trends and tax law should register for the 2022 IRS Nationwide Tax Forum.

A look back at National Small Business Week 2022

Tax Tip 2022-71, May 9, 2022 — Small businesses play a pivotal role in the nation's economy. The IRS offers a variety of tools and resources to help small business owners and self-employed individuals understand and meet their tax obligations.

Small businesses can benefit from the work opportunity tax credit

Tax Tip 2022-70, May 5, 2022 — The work opportunity tax credit is a federal tax credit available to employers for hiring individuals from certain target groups who have consistently faced significant barriers to employment.

Many tax-exempt organizations must file information returns by May 16, 2022

Tax Tip 2022-69, May 4, 2022 — Even though organizations like charities and foundations may be tax-exempt, the IRS still requires them to file certain information every year. For many of these exempt organizations, the deadline to file their 2021 information return is Monday, May 16, 2022.

Small business owners shouldn’t miss this free recorded workshop

Tax Tip 2022-68, May 3, 2022 — Small business owners who want to learn about their tax obligations should watch the Small Business Virtual Tax Workshop. This online workshop is an easy way for new small business owners to dive in and for experienced small business owners to brush up on topics relevant to their business.

IRS sends CP2100 and 2100A notices when payers need to correct backup withholding errors

Tax Tip 2022-67, May 2, 2022 — In April, the IRS sent CP2100 and CP2100A notices to banks, credit unions, businesses or payers who filed returns that don't match IRS records.

Tax Tip Archive

IRS Tax Tips from January 2011 forward.