Latest IRS Updates and News Releases
Washington State Dept of Labor & Industries - Free Contractor Training Days
More than 25 different classes are offered on subjects including: safety, managing your claims to control your workers' compensation costs, public works contracting, business planning, risk management, marketing and more. See the link above for registration information.
May 15 - Master Builders Association of King/Snohomish County (www.mba-ks.com)
Better Business Bureau Offers Secure Your ID Day
Gather unneeded and outdated personal documents and old cellular phones for Better Business Bureau’s semi-annual Secure your ID Day! Take advantage of free document shredding and cell phone recycling.
April 18 -- 10 a.m. - 1 p.m.
Better Business Bureau parking lot - 1000 Station Drive, DuPont, WA
Click here for full event details.
Affordable Care Act 101 Webinars for Small Business
The SBA and Small Business Majority are holding weekly Affordable Care Act 101 webinars. During the presentation, small business owners can learn about the law and what it means for their company and employees. Visit the web page above for a complete schedule and to register. Webinars are also offered in Spanish. See the page above for dates and to register.
Small Business Workshops – Seattle SBA Education and Training Center
Navigating Federal Business Taxes - 2nd Thursday of each month - 9:00 am to 10:00 am
What you need to know to start and sustain your company without being so focused on your tax return. In this class you will learn the types of entity structures and their tax effects, important requirements for specific deductions like meals and entertainment and home office and how to choose your tax preparer.
Licensing and Registration: What You Need To Know - 2nd Thursday of each month - 10:30 to 11:30 am
Once you've chosen your business entity (limited liability company, corporation, sole proprietor, etc.), then it's time to register and license your business. Hear what steps you need to take with the Secretary of State's Office and Business Licensing Services.
Workshops are held at the 4th & Battery Building - 2401 Fourth Avenue, Suite 450, Seattle
Please pre-register by calling 206-553-2664 or e-mail firstname.lastname@example.org.
SBA and SCORE also offer a variety of other workshops for small business owners – find out more here: https://www.sba.gov/offices/district/wa/seattle
Seattle SCORE Workshops
SCORE offers workshops designed to give you the skills necessary to start your own successful business.
May 6 -- Starting a New Business
June 17 – Understanding Financial Statements
4th & Battery Building - 2401 Fourth Avenue, Suite 450, Seattle
Spokane SCORE Workshops
Spokane Regional Business Center (SRBC), 801 W. Riverside Avenue, Suite 444, Spokane
May 6, June 3 -- Starting a New Business
Check website for other workshop topics and registration information.
Employer's Introduction to L&I Workshops
This workshop is designed for new businesses or businesses that plan to hire workers for the first time. It explains an employer’s rights and responsibilities and provides an overview of the services and resources available at Labor and Industries.
Apr 22 – Bremerton – 9 a.m. to 12 p.m.
Apr 23 – Vancouver -- 9 a.m. to 12 p.m.
Apr 23 – Spokane Valley -- 9 a.m. to 12 p.m.
Apr 30 – Tumwater -- 9 a.m. to 12 p.m.
May 20 – Port Angeles -- 9 a.m. to 12 p.m.
May 27 -- Everett -- 9 a.m. to 12 p.m.
New Business Tax Workshops – Washington State Department of Revenue
Learn the basics of Washington State taxes. This free workshop will help you understand your tax reporting responsibilities. Tax reporting classifications, deductions, sales tax collection, and recordkeeping requirements will be discussed. You'll also have the opportunity to ask questions regarding taxes that apply specifically to your business. To find out when the next workshop will be held in your area, and to register, see the link above. Can’t attend a workshop in person? Watch an online workshop or tutorial.
IRS Updates & News Releases:
Did you know? One of the best ways to get information is by visiting the IRS Small Business Tax Center where you can learn everything from how to get an Employer Identification Number (EIN) online to how to best navigate an audit.
IRS Offers Last Minute Filing Tips
IRS YouTube Video
Tax Return Errors: English | Spanish | ASL
Tax Return Errors: English | Spanish
With the April 15 deadline fast approaching, the Internal Revenue Service offers taxpayers still working on their 2014 taxes a number of tips designed to help them avoid common errors that could delay their refunds or cause other tax problems in the future. First and foremost, the IRS encouraged taxpayers to file electronically. Doing so, whether through e-file or IRS Free File, vastly reduces tax return errors, as the tax software does the calculations, flags common errors and prompts taxpayers for missing information. And best of all, there is a free option for everyone. Whether filing electronically or on paper, be sure to make a copy of the return. In addition, see the full article for several last-minute tips.
Use Free File or Direct Pay to Get a 6-Month Tax-Filing Extension; E-Pay and Payment Agreement Options Available on IRS.gov
IRS YouTube Videos:
Need More Time to File Your Tax Return? English | Spanish | ASL
IRS Tax Payment Options English | Spanish | ASL
IRS Tax Payment Options English | Spanish
The Internal Revenue Service reminds taxpayers that quick and easy solutions are available if they can’t file their returns or pay their taxes on time, and they can even ask for an extension, make a payment or request payment options online at IRS.gov. Most taxpayers have already filed their 2014 returns. For those who have yet to file, the IRS says don’t panic. Tax-filing extensions are available to taxpayers who need more time to finish their returns. Remember, this is an extension of time to file; not an extension of time to pay. However, taxpayers who are having trouble paying what they owe may qualify for payment plans and other relief.
Either way, taxpayers will avoid stiff penalties if they file either a regular income tax return or a request for a tax-filing extension by this year’s April 15 deadline. While taxpayers should pay as much as they can to minimize any penalties and interest, they should always file even if they can’t pay the full amount due. See the article for further details on the options available.
Don’t Be Fooled, Phone Scams Continue To Be Serious Threat Nationwide
The IRS warns taxpayers not to be fooled by the tricks scammers use to take advantage of those they target. Scammers use fake names, provide bogus IRS badge numbers and alter caller ID numbers to make it look like the IRS is calling. As the filing season nears its end, there has been a surge of phone scams where scam artists threaten police arrest, deportation, license revocation and other threats. They often leave “urgent” callback requests and sometimes prey on the most vulnerable people, such as the elderly, newly arrived immigrants and those whose first language is not English. Scammers have been known to impersonate agents from IRS Criminal Investigation as well.
See the article for five things the scammers often do but the IRS will not do, and to learn what you should do if you get a phone call from someone claiming to be from the IRS and asking for money.
Avoid Long Lines and Hold Times, Use Online Tools for Tax Help
The Internal Revenue Service is warning of possible long lines at some of the largest Taxpayers Assistance Centers across the country and long hold times on the phone. As the tax filing deadline fast approaches, when possible, the IRS recommends taxpayers take advantage of the numerous online tools for fast, easy service. Because limited resources have impacted some IRS services, the IRS reminds taxpayers that they can get answers to many of their tax questions, tax forms and publications and much more by visiting IRS.gov. The IRS website has many tools and services that make getting IRS help a quick click away, including getting a tax transcript, paying taxes with IRS Direct Pay, signing up for a payment plan, checking on your tax refund, and more. See the full article for more details.
IRS Reminds Those with Foreign Assets of U.S. Tax Obligations
The Internal Revenue Service today reminded U.S. citizens and resident aliens, including those with dual citizenship who have lived or worked abroad during all or part of 2014, that they may have a U.S. tax liability and a filing requirement in 2015.
Internal Revenue Service Commissioner Koskinen’s Remarks Before The National Press Club
Commissioner Koskinen spoke before the National Press Club on March 31.
Visit this page for the latest IRS tax tips. Here is a sample of the tips available:
Five Things to Know if You Need More Time to File Your Taxes
Last-Minute Filing Tips
Ways to Pay Your Tax Liability
Five Key Tax Tips about Tax Withholding and Estimated Tax
Bartering Income: The Value of Property or Services You Receive
Certain Donations to Help Families of Two Slain New York Officers Can Be Claimed On 2014 Returns
Health Care Tax Tips
Check out the tax tips for your health care questions on this page.
Find Answers to Your Questions about Incorrect Forms 1095-A and the Premium Tax Credit
Interactive Tool Helps You Understand Health Care Law’s Effect on Your Taxes
Find Out More About Health Coverage Exemptions Based on Income
ACA resources for individuals and families available on IRS.gov/aca
Small Business Health Options Program (SHOP) Marketplace
The Small Business Health Options Program (SHOP) Marketplace helps small businesses provide health coverage to their employees. The SHOP Marketplace is open to employers with 50 or fewer full-time equivalent employees (FTEs). This includes non-profit organizations. You can enroll in SHOP any time of year - there’s no restricted enrollment period. For more information, visit HealthCare.gov.
There are guides, an archived webinar and other resources available here: https://marketplace.cms.gov/outreach-and-education/shop-resources.html
The Affordable Care Act and Employers
Information on Key Tax Provisions Affecting Employers