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Internal Revenue Service resources for Small Business Owners

This message is to let you know that the Service is conducting a new outreach and education campaign for small business owners, but specifically targeting new Schedule C filers. Small Business/Self-Employed research has shown us that there are two things that commonly trip up small business owners, particularly new ones, when it comes to determining their federal tax liabilities: (1) Poor Recordkeeping and (2) Incorrectly determining Business Income.

IRS Statement on Court Ruling Related to Return Preparers

As of Friday, Jan. 18, 2013, the United States District Court for the District of Columbia has enjoined the Internal Revenue Service from enforcing the regulatory requirements for registered tax return preparers. In accordance with this order, tax return preparers covered by this program are not currently required to register with the IRS, to complete competency testing or secure continuing education. The ruling does not affect the regulatory practice requirements for CPAs, attorneys, enrolled agents, enrolled retirement plan agents or enrolled actuaries.

RTRP EXAM