Latest IRS Updates and News Releases

Washington Healthplanfinder Small Business Enrollment Event

http://wahbexchange.org/index.php?cID=1468

Small businesses can now purchase health insurance through the new online marketplace, Washington Healthplanfinder Business. Free, personalized help from brokers will be available. Get information from event partners about health care options for yourself and your company. Compare small business health plans side by side. Review your options and get enrolled!

 

December 4th -- 4:00 pm-7:00 pm

South Seattle Community College, Brockey Center

6000 16th Ave. SW, Seattle, WA 98106

Light refreshments will be provided.

Employers can RSVP here: https://www.eventbrite.com/e/small-business-enrollment-event-tickets-14115930127

 

Government Contracting Essentials

http://washingtonptac.org/wp-content/uploads/2014/04/Gov-Contracting-101-Dec2014.pdf

What does it take to become a successful government contractor? Washington PTAC can help you get prepared for government business. We will teach you the basics of marketing and selling your products and services to federal, state and local government agencies.

 

Classes are FREE!  Registration Required: http://washingtonptac.org/events

 

Tri-City Regional Chamber - Kennewick
Tue, Dec 9, 2014 from 10:00am - 12:00pm

South Seattle College, Georgetown - Seattle
Tue, Dec 9, 2014 from 10:00am - 12:00pm

Bates Technical College - Tacoma
Wed, Dec 10 9:30am - 11:30am

Greater Spokane Incorporated - Spokane
Thu, Dec 11, 2014 from 8:00am - 11:00am

 

Small Business Development Center Offers Free On-line Courses

http://www.wsbdc.org/upload/articles/Final%20PR%20SBDC%20Global%20Classroom%20eLearning%20Center.pdf

Small businesses and entrepreneurs in Washington State now have unlimited access to more than 1,400 online courses and video tutorials, for a limited time, at no-cost for 90 days. This no-cost access is made available through a partnership between the Washington Small Business Development Center (SBDC), the Global Classroom, an online business education provider, and Microsoft Corporation.

 

This unique, cloud-based online course delivery and management platform allows 24/7 access to hundreds of online courses supporting business leadership, sales and marketing, information technology, human resources, communications, and business innovation, decision making strategies, problem solving, onboarding new employees, critical thinking, management essentials and much more.

 

Get started here: https://wasbdc.globalclassroom.us/portal/.

Be sure to check out all of the SBDC events and workshops at https://cba.wsbdc.org/events.aspx

 

Affordable Care Act 101 Webinars for Small Business

http://www.sba.gov/healthcare

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
Small Business Taxes & Bookkeeping for the Small Business Owner - 2nd & 4th Thursday of each month - 9:00 am to 11:00 am

Learn about important information regarding your tax responsibilities as a small business owner. Topics covered:

  • What taxes to pay and when they are due
  • How to choose the right accountant and the right accounting software
  • How to document expenses and activities
  • How to take care of employee and contractor payroll taxes
  • The difference between city, county, state, and federal taxation
  • What the tax advantages are for the sole proprietor or for business entities in general

 

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 workshops@sba.gov.

SBA and SCORE also offer a variety of other workshops for small business owners – find out more here: http://www.sba.gov/about-offices-content/2/3157

 

Seattle SCORE Workshops

http://seattle.score.org/localworkshops

SCORE offers workshops designed to give you the skills necessary to start your own successful business.

Dec 3, Jan 7 -- Starting a New Business

Feb 17 – Understanding Financial Statements

4th & Battery Building - 2401 Fourth Avenue, Suite 450, Seattle

 

Spokane SCORE Workshops

http://www.scorespokane.org/workshops

Spokane Regional Business Center (SRBC), 801 W. Riverside Avenue, Suite 444, Spokane

Jan 7, Feb 4  -- Starting a New Business

Check website for other workshop topics and registration information.

 

Washington State Dept of Labor & Industries - Free Contractor Training Days

http://www.lni.wa.gov/TradesLicensing/Contractors/Workshops/Contractor/

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.

Dec 5 – Renton -- Renton Technical College (www.rtc.edu)

 

Employer's Introduction to L&I Workshops

http://lni.wa.gov/Safety/TrainingPrevention/workshops/WorkshopInfo.asp?WkshopID=78

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.

Jan 27 – Vancouver  -- 9 a.m. to 12 p.m.

Jan 28 – Tumwater -- 9 a.m. to 12 p.m.

Feb 4 – Tukwila -- 9 a.m. to 12 p.m.

Feb 19 – Bellingham --  9 a.m. to 12 p.m.

Feb 24 -- Yakima -- 9 a.m. to 12 p.m.

 

New Business Tax Workshops – Washington State Department of Revenue

https://fortress.wa.gov/dor/efile/SecureForms/Content/WorkshopsAndEducation/AttendAWorkshop/RegisterForWorkShop.aspx?ID=213

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.

 

Scam Phone Calls Continue; IRS Unveils New Video to Warn Taxpayers

http://www.irs.gov/uac/Newsroom/Scam-Phone-Calls-Continue-IRS-Unveils-New-Video-to-Warn-Taxpayers

IRS YouTube Video:
Tax Scams: English

 

As incidents of an aggressive telephone scam continue across the country, the Internal Revenue Service unveiled a new YouTube video with a renewed warning to taxpayers not to be fooled by imposters posing as tax agency representatives. The new Tax Scams video describes some basic tips to help protect taxpayers from tax scams.

 

These callers may demand money or may say you have a refund due and try to trick you into sharing private information. These con artists can sound convincing when they call. They may know a lot about you, and they usually alter the caller ID to make it look like the IRS is calling. They use fake names and bogus IRS identification badge numbers. If you don’t answer, they often leave an “urgent” callback request.

 

The IRS reminds people that they can know pretty easily when a supposed IRS caller is a fake. Here are five things the scammers often do but the IRS will not do. Any one of these five things is a tell-tale sign of a scam. The IRS will never:

  1. Call to demand immediate payment, nor will the agency call about taxes owed without first having mailed you a bill.
  1. Demand that you pay taxes without giving you the opportunity to question or appeal the amount they say you owe.
  1. Require you to use a specific payment method for your taxes, such as a prepaid debit card.
  1. Ask for credit or debit card numbers over the phone.
  1. Threaten to bring in local police or other law-enforcement groups to have you arrested for not paying.

 

If you get a phone call from someone claiming to be from the IRS and asking for money, here’s what you should do:

  • If you know you owe taxes or think you might owe, call the IRS at 1.800.829.1040. The IRS workers can help you with a payment issue.
  • If you know you don’t owe taxes or have no reason to believe that you do, report the incident to the Treasury Inspector General for Tax Administration (TIGTA) at 1.800.366.4484 or at www.tigta.gov.
  • If you’ve been targeted by this scam, also contact the Federal Trade Commission and use their “FTC Complaint Assistant” at FTC.gov. Please add "IRS Telephone Scam" to the comments of your complaint.

 

Remember - the IRS does not use email, text messages or any social media to discuss your personal tax issue. For more information on reporting tax scams, go to www.irs.gov and type “scam” in the search box.

 

This news release is also available in Spanish:

Estafa de Llamadas Continúa; IRS Identifica Cinco Maneras Fáciles de Detectar una Llamada Sospechosa

http://www.irs.gov/Spanish/Estafa-de-Llamadas-Continua;-IRS-Identifica-Cinco-Maneras-Faciles-de-Detectar-una-Llamada-Sospechosa

 

The Internal Revenue Service Advisory Council (IRSAC) Releases 2014 Annual Report

http://www.irs.gov/uac/Newsroom/The-Internal-Revenue-Service-Advisory-Council-(IRSAC)-Releases-2014-Annual-Report

The Internal Revenue Service Advisory Council held its annual public meeting and released its annual report, which includes recommendations on a wide range of tax administration issues. Based on its findings and discussions, IRSAC made several recommendations on a broad range of issues and concerns including IRS funding, as well as topics identified by subgroups covering the Office of Professional Responsibility and Large Business and International, Small Business/Self-Employed and Wage and Investment operating divisions.

 

In 2015, Various Tax Benefits Increase Due to Inflation Adjustments

http://www.irs.gov/uac/Newsroom/In-2015,-Various-Tax-Benefits-Increase-Due-to-Inflation-Adjustments

For tax year 2015, the Internal Revenue Service announced today annual inflation adjustments for more than 40 tax provisions, including the tax rate schedules, and other tax changes. Revenue Procedure 2014-61 provides details about these annual adjustments.

 

IRS Clarifies Application of One-Per-Year Limit on IRA Rollovers, Allows Owners of Multiple IRAs a Fresh Start in 2015

http://www.irs.gov/uac/Newsroom/IRS-Clarifies-Application-of-One-Per-Year-Limit-on-IRA-Rollovers-Allows-Owners-of-Multiple-IRAs-a-Fresh-Start-in-2015

The Internal Revenue Service today issued guidance clarifying the impact a 2014 individual retirement arrangement (IRA) rollover has on the one-per-year limit imposed by the Internal Revenue Code on tax-free rollovers between IRAs. The clarification relates to a change, announced earlier this year, in the way the statutory one-per-year limit applies to rollovers between IRAs.

 

IRS Announces 2015 Pension Plan Limitations; Taxpayers May Contribute up to $18,000 to their 401(k) plans in 2015

http://www.irs.gov/uac/Newsroom/IRS-Announces-2015-Pension-Plan-Limitations;-Taxpayers-May-Contribute-up-to-$18,000-to-their-401(k)-plans-in-2015

The Internal Revenue Service today announced cost-of-living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2015. Many of the pension plan limitations will change for 2015 because the increase in the cost-of-living index met the statutory thresholds that trigger their adjustment. However, other limitations will remain unchanged because the increase in the index did not meet the statutory thresholds that trigger their adjustment.

 

Tax Tips

http://www.irs.gov/uac/IRS-Tax-Tips

 

Five Easy Ways to Spot a Scam Phone Call

 

Health Care Tax Tips

http://www.irs.gov/uac/Newsroom/Health-Care-Tax-Tips2

Check out the tax tips for your health care questions on this page.

 

It’s Not Too Late to Report Changes in Circumstances that May Affect Your Premium Tax Credit

 

Information for Employers about Their Responsibilities Under the Affordable Care Act

 

IRS Provides Information about the Affordable Care Act in Spanish
The IRS has several options for Spanish speakers to get information about the tax provisions of the Affordable Care Act.

 

The Affordable Care Act and Employers
Information on Key Tax Provisions Affecting Employers

 

Tax Facts about the Affordable Care Act for Individuals and Families

Details on Key Provisions Affecting Individuals

 

IRS.gov has information about the health care law and its effect on your taxes
There is a lot of information in the news and online about the health care law and its effect on your taxes. For the most current answers to questions you may have, visit IRS.gov/aca.  From the individual shared responsibility provision to the definition of minimum essential coverage, the IRS website covers a wide range of health care topics and how they relate to your taxes.