Submitting a complete and correct Form 8300, Report of Cash Transactions Over $10,000 Received in a Trade or Business, is important. It relieves you of the burden of additional work when a rejected form is sent back to you to correct and then to resubmit. It also helps you avoid penalties. The information you report is [...]
You can correct your 1099s in QuickBooks Online after you filed them with the IRS. Here are some important notes: You must file corrections in the same way you filed the original forms. If you e-filed your 1099 forms, you must also e-file your corrected 1099 forms. You can only send corrections after the IRS accepts [...]
If you're required to file a business tax return, you're going to need an employer identification number. Taxpayers who use EINs include employers, sole proprietors, corporations, partnerships, non-profit associations, government agencies, and other business entities. You can apply for an EIN online by visiting IRS.gov/EIN. You can also apply by fax or by mail. Just check [...]
If you own or manage the taxes for a small business, head over to IRS.gov/smallbiz and check out the information and tools available in the Small Business and Self-Employed Tax Center. From the main page of the Tax Center, you will find links grouped by topic, like how to prepare or pay your taxes. You'll find [...]
This article was published by the IRS. The Internal Revenue Service continues to open its Business Tax Account (BTA) to a growing number of business taxpayers, expanding the useful features available. The latest expansion makes this online self-service tool for business taxpayers available to C corporations. In addition, a person who can legally bind the corporation, [...]
