IRS Heeds Voice of Small Business, Drops Proposed Paperwork Burden

Danner, Dan
March 2012
Business Journal (Central New York);3/2/2012, Vol. 26 Issue 9, p21
The author focuses on the issue involving the U.S. Internal Revenue Service(IRS) and small businesses, in which IRS decided that the government was being short-changed by businesses not reporting or underreporting their electronic payments.


Related Articles

  • CHAPTER 19: When You Can't Pay Your Taxes. Daily, Frederick // Tax Savvy for Small Business (9781413316407);11/ 1/2011, p267 

    The article discusses options for a small business owner for dealing with the collection strategy of the U.S. Internal Revenue Service (IRS) if the former is unable to pay taxes. The procedure for requesting more time to pay is explained. An automatic installment payment plan is applied to...

  • IRS Crackdown. Ruvo, Christopher // Stitches Magazine;Dec2013, Vol. 27 Issue 10, p22 

    The article reports that the U.S. Internal Revenue Service (IRS) has sent letters to small businesses on the underreporting of revenue and is focusing on businesses that report sales through credit card transactions, and mentions views of Howard Potter of the embroidery firm A&P Master Images.

  • Tackling your small-business taxes. Weale, Ross // Westchester County Business Journal;1/24/2011, Vol. 47 Issue 4, p33 

    The article discusses ways on how to small businesses can manage their taxes properly. It indicates that the U.S. Internal Revenue Service (IRS) is responsible for managing tax laws and policies and decides the amount of tax given by small businesses. It suggests the need for business owners to...

  • Tangible Property Regs: Reconsidering Small Taxpayer Relief. So Sum Lee; Pazzia, Gian; Bagne, Alex // Accountingtoday.com;9/4/2015, p6 

    The article presents information on the new regulations on tangible property of the U.S. Internal Revenue Service (IRS). Topics include the regulations' aim to relieve small business taxpayers from the filing of the mandatory Form 3115, the risks of the adoption of Revenue Procedure 2015-20, and...

  • CHAPTER 4: Bookkeeping and Accounting. Daily, Frederick W.; Quinn, Jeffrey A. // Tax Savvy for Small Business;Nov2015, p61 

    The article discusses the minimum record keeping mandated by the U.S. Internal Revenue Service (IRS) and state tax agencies for small businesses. Also discussed are whether a business should hire a bookkeeper, the financial activities that should be included in the record like advertising, rent...

  • IRS Is Fining Small Business For Lending A Helping Hand. JOEL WHITE // Investors Business Daily;10/16/2015, pA15 

    The article reports on the move of the U.S. Internal Revenue Service (IRS) to fine small business enterprises for helping their employees pay their health insurance. It mentions that the move of the IRS contradicts with the provisions of the U.S. Affordable Care Act by allowing employers avoid...

  • IRS expecting more small businesses to claim healthcare tax. Baker, Sam // Hill;5/23/2012, Vol. 19 Issue 65, p14 

    The article reports on the expectation of the U.S. Internal Revenue Service (IRS) for several small businesses to take advantage of the new healthcare tax credit created under the Affordable Care Act (ACA).

  • New Law Sets Jan. 31 W-2 Filing Deadline.  // California CPA;Dec2016, Vol. 85 Issue 6, p7 

    The article reports on U.S. federal law that moves up the W-2 filing deadline for employers and small businesses to January 31, 2017 making it easier for the Internal Revenue Service (IRS) to find and stop refund fraud and information on refund of taxpayers claiming the Earned Income Tax Credit.

  • Final Regs Released on Income Exclusion for Damages Received for Physical Injuries/Sickness.  // Federal Tax Course Letter;Mar2012, Vol. 26 Issue 3, p10 

    The article focuses on the final regulations released by U.S. Internal Revenue Services (IRS) on income exclusion for damages received on account of personal physical injuries or physical sickness. It notes that the revised regulations reflect amendments made by the Small Business Job Protection...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics