Tax News

February 01, 2017

Small Business Packet


Dear Small Business Owner,

You have chosen to provide products and/or services to the public. We were all beginners at one time. We hope this packet provides you with a useful summary of what you need to get started. Starting your own business, applying for a business line of credit, purchasing rental properties, etc., can be confusing and puzzling. 

In this packet we have included a Things to Do Checklist, an Income and Expense worksheet, a Forecast Worksheet and some helpful websites. We highly recommend that you seek professional help from a local Enrolled Agent, Certified Public Account or attorney who specializes in small business matters. Ask your friends, family or fellow business owners if they know someone who has helped them. The cost of a competent professional is an investment in the long run. 

This packet is not intended to replace the help you can get from qualified professionals; instead, it is intended to guide you through the maze of local, state and federal agencies to help get you started.

Latino Tax Professionals Association’s mission is to provide knowledge, community and professionalism to all business owners who serve the Latino market. We have been preparing tax returns and representing taxpayers before the Internal Revenue Service for over 35 years. Please feel free to contact us if you have any further questions at 866.936.2587 or

To download the Small Business Packet, click here.




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Whether helping you train employees or giving you tips to be more effective at tax time, TPG now offers two new resources to help you grow.





Take Steps Now for Tax Filing Season

 Get ready today to file your 2016 federal income tax return. Changes for the tax filing season include ITINs, delays in refunds and validating your electronically filed return. 



IRS YouTube Video April 18 is When Your Taxes are Due in 2017 | English



WASHINGTON ― The Internal Revenue Service announced today that the nation’s tax season will begin Monday, Jan. 23, 2017 and reminded taxpayers claiming certain tax credits to expect a longer wait for refunds. 


The IRS will begin accepting electronic tax returns that day, with more than 153 million individual tax returns expected to be filed in 2017. The IRS again expects more than four out of five tax returns will be prepared electronically using tax return preparation software.


Many software companies and tax professionals will be accepting tax returns before Jan. 23 and then will submit the returns when IRS systems open. The IRS will begin processing paper tax returns at the same time. There is no advantage to filing tax returns on paper in early January instead of waiting for the IRS to begin accepting e-filed returns.


 The Internal Revenue Service today urged any taxpayer with an expiring Individual Taxpayer Identification Number (ITIN) and a need to file a return in  the upcoming filing season to file a renewal application in the next few weeks to avoid refund and processing delays. In addition, the IRS encouraged people to check their renewal application, Form W-7, carefully before filing and offered tips for avoiding common errors being seen.