1. New Form 941-X Correcting errors on employment tax returns is easier now with the release of new Form
941-X, Adjusted Employer’s Quarterly Federal Tax Return or Claim for Refund.
Additional forms for adjusting and correcting other types of employment taxes should be available online in February.
2. Help your employees determine whether they qualify for EITC
Nearly one in four workers miss out on thousands of dollars every year because they fail to claim their Earned Income Tax Credit.
EITC Information for Employers is a one-stop resource for EITC information, including links to
products like payroll stuffers and posters to help you keep employees informed.
3. National Taxpayer Advocate’s 2008 Annual Report
The National Taxpayer Advocate’s
2008 Annual Report to Congress addresses issues that due to the current economic situation are affecting small businesses.
Related link:
- IR-2009-3, National Taxpayer Advocate Urges Tax Simplification and Compassionate Treatment of Taxpayers Hit by Recession
4. SBTV.com expands tax news SBTV.com is expanding their news coverage of tax issues to Wednesdays and Thursdays. This month learn about keeping records, tip income, paying taxes electronically, bartering and more.
5. Tax changes, credits, and more
IRS.gov has information on
tax changes for businesses and business
tax credits.
In addition, IRS.gov has
Tax Tips and
Fact Sheets to help you navigate the 2008 filing season.
6. Winter edition of Employee Plans News
The winter edition of
Employee Plans News and a special
January edition are available online.
7. Recent announcements for small businesses- IR-2009-5, E-File Opens for 2009 with New Features to Expand Taxpayer Access, Help Speed Refunds
- REG-116699-07 contains proposed regulations that provide guidance on Form 2290, Heavy Highway Vehicle Use Tax Return.
Source: irs.gov
Latest e-News for Small Business from IRS 
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