2025 Year-End Checklist for Businesses
You still have a few hours left to take any important year-end financial or tax planning action for your business. This handy 2025 year-end checklist from Paychex can help! Click here to download.
Applying for 501(c)(3) Status
This IRS video course discusses Section 501(c)(3) eligibility, the benefits of exemption, how to apply, and filing requirements while waiting for a determination letter. (Ensure that your organization is eligible for tax exemption before applying.) Learn about: the life cycle of a typical organization exempt under Section 501(c)(3) of the Internal Revenue Code. benefits and responsibilities [...]
Treasury, IRS Provide Transition Relief for 2025 for Businesses Reporting Car Loan Interest under the One, Big, Beautiful Bill GalleryTreasury, IRS Provide Transition Relief for 2025 for Businesses Reporting Car Loan Interest under the One, Big, Beautiful Bill
Bookkeeping, Compliance, Corporate Taxes, Debt, Interest, IRS, Personal Taxes, Self-Employed, Small Business, Tax Deductions, Tax Law Changes, Tax Relief, Tax Tips, Taxes
Treasury, IRS Provide Transition Relief for 2025 for Businesses Reporting Car Loan Interest under the One, Big, Beautiful Bill
This article was published by the IRS. The Department of the Treasury and the Internal Revenue Service have provided transitional guidance for businesses required to report car loan interest under the One, Big, Beautiful Bill. Notice 2025-57 provides penalty relief and guidance to certain lenders for new information reporting requirements for car loan interest received in [...]
A Change in Marital Status Affects Tax Filing
This article was published by the IRS. A change in a couple’s marital status, such as a separation or divorce, affects their tax situation. The IRS considers a couple married, for tax filing purposes, until they get a final decree of divorce or separate maintenance. Update tax withholding When a taxpayer divorces or separates, a new [...]
Tax Obligations of U.S. Individuals Living and Working Abroad
This IRS webinar specifies the U.S. income tax obligations of U.S. citizens and residents abroad; lists the requirements for claiming the foreign earned income exclusion; and summarizes the U.S. employment tax obligations of U.S. citizens and residents abroad. This is a topic that can cause a lot of confusion among taxpayers, especially among those living or [...]