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IRS NEWS RELEASES, ANNOUNCEMENTS & UPCOMING EVENTS

Sales Tax Workshops:  8:30 a.m. – 11:30 a.m.

 

August 28, 2013 – November 20, 2013

 

Sales tax workshops helps new business owners understand the basics of Utah’s Sales and use tax, including: Licensing requirements, tax rates, filing returns, remitting tax and the basics of what is taxable versus what is exempt.

 

The Utah CPE Registry has approved this class for 3 CPE credit hours.  Sales tax workshops are all held at the State Tax Commission.  210 N. 1950 W.  SLC, Room 1026.  Register online at taxtraining@utah.govor call 801-297-6225.  Requests accepted through the week before each class.

 

IRS Updates & News Releases:

Did you know? One of the best ways to get information is by visiting the IRS Small Business Tax Center where you can learn everything from how to get an Employer Identification Number (EIN) online to how to best navigate an audit.

 

IRS Releases the Dirty Dozen Tax Scams for 2013

http://www.irs.gov/uac/Newsroom/IRS-Releases-the-Dirty-Dozen-Tax-Scams-for-2013

The Internal Revenue Service has issued its annual “Dirty Dozen” list of tax scams, reminding taxpayers to use caution during tax season to protect themselves against a wide range of schemes ranging from identity theft to return preparer fraud. The Dirty Dozen listing, compiled by the IRS each year, lists a variety of common scams taxpayers can encounter at any point during the year. But many of these schemes peak during filing season as people prepare their tax returns. Illegal scams can lead to significant penalties and interest and possible criminal prosecution. See the full article for the list of Dirty Dozen tax scams for 2013.

 

IRS Expands Law Enforcement Assistance Program on Identity Theft to 50 States; Victim Assistance and Criminal Investigations Grow

http://www.irs.gov/uac/Newsroom/IRS-Expands-Law-Enforcement-Assistance-Program-on-Identity-Theft-to-50-States

The Internal Revenue Service announced a nationwide expansion of the program designed to help law enforcement obtain tax return data vital to their local efforts in investigating and prosecuting specific cases of identity theft. More than 1,560 waiver requests have been received since the Law Enforcement Assistance Program’s inception from over 100 state and local law enforcement agencies in the nine states participating in the pilot. The expansion covers all 50 states as well as the District of Columbia.

 

IRS Smartphone App IRS2Go Now Available in Spanish

http://www.irs.gov/uac/Newsroom/IRS-Smartphone-App-IRS2Go-Now-Available-in-Spanish

The Internal Revenue Service has released IRS2Go 3.0, an update to its smartphone application that offers practical tax tools and information for the first time in either Spanish or English. The free mobile app offers taxpayers a number of safe and secure ways to access popular tools and the most up-to-date tax information. For the new version, IRS2Go is available for the first time in Spanish. The taxpayers’ phone language settings determine whether the IRS2Go content appears in English or in Spanish.

 

IRS Achieves $1 Billion in Cost Savings and Efficiencies

http://www.irs.gov/uac/IRS-Achieves-$1-Billion-in-Cost-Savings-and-Efficiencies

Since Fiscal Year 2010, the IRS has made a concerted effort to identify and put in place ways of saving taxpayer dollars and working more efficiently. This effort intensified in FY 2011 when the agency’s budget outlook became more challenging. As a result, the IRS estimates it will have achieved $1 billion in budget savings and efficiencies between FY 2010 and the end of FY 2013. These savings and efficiencies have been achieved across the IRS in numerous areas, including personnel, travel, training, office space and contracts.

 

At the same time, the IRS continues to invest in strategic priorities that allow it to fulfill its dual mission of tax law enforcement and taxpayer service. As the budget environment has become more difficult and the IRS has stepped up its cost-saving activities, it has also maintained strong taxpayer service performance results and continued a balanced and effective enforcement program. In particular, the IRS has increased its efforts against refund fraud, especially fraud caused by identity theft.

The IRS consistently achieves a high return on investment for its activities while running a fiscally disciplined operation. Going forward, the IRS remains committed to being as efficient as possible and spending taxpayer dollars wisely.

 

However, the continued reductions in the IRS budget will begin to have an adverse impact on service and enforcement efforts in the near future. This will affect the service we provide to taxpayers and the amount of money we collect through enforcement activities.

 

Budget in Brief FY 2014
This summarizes how the budget request will enable the agency to meet its strategic goals: improve customer service and enhance enforcement of the tax laws.

 

Tips on Reporting Natural Resource Income

http://www.irs.gov/uac/Newsroom/Tips-on-Reporting-Natural-Resource-Income

Taxpayers who own land that contains valuable natural resources should be aware that arranging for the development of the resources by means of a lease creates tax consequences. Landowners may make complex financial agreements to receive royalty, bonus or other income in exchange for access to the resources on their land, such as natural gas and oil from shale deposits. Here are some important facts from the Internal Revenue Service about these transactions.

 

Tax Tips for 2013

http://www.irs.gov/uac/Tax-Tips-for-2013-1

Ten Helpful Tips for Paying Your Taxes
Tax Tip 2013-55, April 15, 2013

Tips for Taxpayers Who Can't Pay Their Taxes on Time
Tax Tip 2013-53, April 11, 2013

Six Tips on Making Estimated Tax Payments
Tax Tip 2013-49, April 5, 2013

Get Connected to the IRS with Social Media
Tax Tip 2013-47, April 3, 2013

Top Six Tax Tips for the Self-Employed
Tax Tip 2013-46, April 2, 2013

 

Subscribe to e-News for Small Businesses

If you would like to receive e-News for Small Businesses, please visit this link to subscribe:

http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Subscribe-to-e-News-for-Small-Businesses

 

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Announcements & Upcoming Events:

 

Tax filing questions or need to check on a tax account issue?

Call the IRS Business & Specialty Toll Free number, 1-800-829-4933, open Monday – Friday, 7:00 a.m. – 7:00 p.m. your local time.  You can find a complete list of IRS toll free numbers here. And yes, during the tax season there will be long hold times on that line!

 

Did you know? One of the best ways to get information is by visiting the IRS Small Business Tax Center where you can learn everything from how to get an Employer Identification Number (EIN) online to how to best navigate an audit.

 

Utah Small Business Workshops – Salt Lake Community College – Miller Campus

Employment Tax Workshops: 8:00 a.m. – 5:00 p.m.

 

May 16, 2013 – June 20, 2013 – July 18, 2013 – August 15, 2013 – September 19, 2013 – October 17, 2013 – November 21, 2013.

Employment Tax Workshops prepare businesses with employees for their employment tax responsibilities.  Federal & State tax issues are discussed.  Information also presented on other issues facing employers.  

Choosing a Business Entity: 8:30 a.m. – 12:30 p.m.                                                                                                 

May 9, 2013 – July 11, 2013 – September 12, 2013 – November 14, 2013

 

This workshop deals with choosing the correct entity for your business.  It provides legal aspects of each entity to determine the most appropriate for your business.  The SBDC will also provide a summary of the services it offers to small business owners.

Tax Implications Workshops:  8:30 a.m. – 11:00 a.m.

LLC and S-Corporation – May 2, 2013 – August 1, 2013 – November 7, 2013

Entity workshops deal with tax situations specific to LLC and S-Corporations.

Above workshops are held at Salt Lake Community College – Larry H. Miller Campus                                                          9750 S. 300 W. Sandy, UT.  Register by phone at 801-957-5200 or 801-957-5201