(225) 273-0000
Mon-Fri: 8am - 5pm
10500 Coursey Blvd Suite 108, Baton Rouge, LA 70816

News & Updates

May 25, 2023
   |    
Courtesy of: 
IRS

Small business owners: these improvements are coming soon

Good news for small business owners — improvements to IRS phone service and online options are coming as a result of the Inflation Reduction Act. These customer service upgrades will make it easier and more convenient to file online and respond to notices.

Here's what small business taxpayers can expect to see in the near future.

Expanded online service tools

Before next filing season, the IRS will launch Business Online Accounts designed with small business taxpayers in mind. Small businesses can use their online account to:

  • See tax information, and schedule and track payments
  • Access business tax transcripts in an easy-to-read format

The IRS will add more features to Business Online Account through 2024.

More ways to respond to notices and file documents

The IRS recently launched an online portal for businesses to file Form 1099 series information returns electronically. Businesses used to have to submit these forms by mail.

Later this summer, small business owners will be able to respond to certain notices online such as LTR0143C, Signature Missing. The IRS will continue to improve and expand these features.

By 2024, small business owners will be able to respond to correction of self-employment income, employment-related identity theft notifications and dozens of other online notices. The IRS will also update the notices with clear instructions on what taxpayers need to do.

Simplified, mobile-friendly forms

Small business owners who file their own taxes will save time with new simplified tax forms. The IRS will improve tax forms that small businesses use most frequently including Forms 940, 941 and 944. The updated forms will be mobile-friendly and available in multiple languages.

Improved processing times and faster refunds

Small business taxpayers will save money, see improved processing times and get faster refunds as the IRS:

Some of the forms that the IRS plans to make available online include popular forms such as Forms 1040 and 941.

‍

Read Full Article at IRS.gov ↗
back to all news

Important Updates

April 8, 2025

IRS: Act now to file, pay or request an extension

With the April 15 tax deadline fast approaching, Internal Revenue Service reminds taxpayers there is still time to file their federal income tax return electronically and request direct deposit of any refund. Filing electronically reduces tax return errors as tax software does the calculations, flags common errors and prompts taxpayers for missing information. Most taxpayers qualify for electronic filing at no cost and, when they choose direct deposit, usually receive their refund within 21 days.

read more
April 2, 2025

IRS reminder to U.S. taxpayers living, working abroad: File 2024 tax return by June 16

The Internal Revenue Service today reminded taxpayers living and working abroad that they have until Monday, June 16, 2025, to file their 2024 federal income tax return and pay any tax due. This deadline applies to both U.S. citizens and resident aliens abroad, including those with dual citizenship. In general, on the regular due date of their return, a U.S. citizen or resident alien residing overseas or in the military on duty outside the U.S. is allowed a two-month extension to file without needing to ask for it. If they use a calendar year to file their return, as virtually all individual taxpayers do, the regular due date of their 2024 return is April 15, 2025. The automatic extended due date is June 16, 2025, pushed back from the usual June 15 because that date falls on a Sunday this year. Even with the tax-filing extension, interest will apply to any 2024 tax payments received after April 15. This means that unpaid tax-year 2024 tax balances will begin accruing interest, currently at the rate of 7% per year, compounded daily, after April 15, 2025.

read more
March 24, 2025

Follow key filing guidelines to speed refunds, avoid errors

The Internal Revenue Service issued a series of tips and reminders to speed taxpayer refunds and avoid errors on their federal tax returns as the April 15 filing deadline approaches.

read more