Tax News

small biz

WASHINGTON — Small businesses across the country are preparing for their special day -- Small Business Saturday – taking place on Nov. 25. The Internal Revenue Service wants new small business owners, including those involved in the sharing economy, to know that has an online resource center to help them learn all they need to know about the tax implications of running a small business. The Small Business and Self-Employed Tax Center offers a variety of useful tools that small business owners can access to prepare, file and pay taxes.

The IRS mails millions of letters to taxpayers every year for many reasons. Here are seven simple suggestions on how individuals can handle a letter or notice from the IRS:

La administración de Trump anunció hoy que dará por terminada la Acción Diferida para los Llegados en la Infancia (DACA). DACA es una política de inmigración estadounidense fundada por la administración de Obama en junio de 2012. DACA les permite recibir, a los inmigrantes indocumentados, que entraron al país cuando eran menores de edad, un periodo renovable de dos años de acción diferida de deportación y la elegibilidad para un permiso de trabajo.

The Trump Administration announced today that it will be ending the Deferred Action for Childhood Arrivals (DACA).  DACA is an American immigration policy founded by the Obama administration in June 2012. DACA allows certain undocumented immigrants who entered the country as minors, to receive a renewable two-year period of deferred action from deportation and eligibility for a work permit.

paychex news

Rochester, N.Y. (August 8, 2017) – Paychex, Inc., one of the nation’s leading providers of integrated human capital management solutions for payroll and HR services, today announced a partnership with the Latino Tax Professionals Association (LTPA). As part of the affinity agreement, the LTPA has designated Paychex the preferred provider of payroll and HR services for the organization and its members. The partnership furthers Paychex’s ongoing commitment to supporting the Hispanic accounting community with Spanish-language tools and resources. 

“For years, we’ve developed materials to help Spanish-speaking entrepreneurs find success. This partnership with LTPA will make our services and educational tools even more accessible to tax professionals serving Hispanic-owned businesses” said Mark James, director of product marketing at Paychex. “Through access to the Accountant Knowledge Center, informative webinars, expert lecturers at LTPA regional seminars, and more, this partnership serves to benefit LTPA members and, in turn, their clients.”  

IRS News Release

WASHINGTON – El Servicio de Impuesto Internos, IRS, ya comenzó a recibir solicitudes de renovación para aquellos Números de Identificación Personal del Contribuyente, ITINs por sus siglas en inglés, programados para expirar a fines de este año. La agencia urge a los contribuyentes afectados por los cambios al programa de ITIN a presentar su solicitud de renovación lo antes posible y evitar retrasos.