Dabbs, Hickman, Hill & Cannon, LLP logo

Dabbs, Hickman, Hill & Cannon, LLP

 

319 South Main Street, PO Box 727

Statesboro, GA 30459

Phone: 912-764-6951

 

325 Tattnall Street

Savannah, GA 31401

Phone: 912-233-9004

October 2023

IRS Upgrades For Small Businesses

No need for a crystal ball to discern what small businesses may see ahead from the IRS. It's in the Service's most recent Strategic Operating Plan. *Some of the upgrades the IRS has on the list include:


  • The recently launched Online Portal for Businesses to e-file 1099 series information returns (https://www. irs.govfiling/e-file-forms-1099-with-iris) and respond to certain notices online, including LTR0143C “Signature Missing.”

  • Having the Small Business Online up and running by next tax season. So, your business will be able to see its tax information, track refunds, and schedule and track payments.

  • Simplified and mobile-friendly Forms 940, 941, and 944 available in multiple languages.

  • The ability for you to respond to the correction of self-employment income, employment-related-ID- theft notifications, and other online notices. Notice language will be simplified.

  • Further digitalization of paper forms to include the most popular forms—the 1040 and 941.


Don’t hesitate to touch base with us if you have questions about the upgrades and using them or the IRS’s Strategic Operation Plan.


*IRS Strategic Operating Plan, https://www.irs.gov/pub/irs-pdf/


SUBSCRIBE

Enter your Name and Email address to get
the newsletter delivered to your inbox.

Please include name of person that directed you to my online newsletter so I can thank them personally.


CONTACT US

Enter your Name, Email Address and a short message. We'll respond to you as soon as possible.

The information and opinions contained in this web site are obtained from sources believed to be reliable, but their accuracy cannot be guaranteed. The publishers assume no responsibility for errors and omissions or for any damages resulting from the use of the published information. This web site is published with the understanding that it does not render legal, accounting, financial, or other professional advice. Whole or partial reproduction of this web site is forbidden without the written permission of the publisher.