Overview
IRS and CTEC Updates as of 07/02/2011
Latino Tax Professionals Association is committed to assisting all who serve the Latino Community with knowledge, community and professionalism. LTPA has been providing income tax courses and tax preparation classes since 2000. LTPA is a stakeholder liaison with the IRS, this means we meet monthly with IRS executives in Washington, D.C. to give member feedback to the IRS and receive the latest updates. Read More...
Starting, Operating or Closing a Business
Whether you are a budding entrepreneur, or an established business owner, you will find everything you need to start and manage your business venture.
Business Taxes
The form of business you operate determines what taxes you must pay and how you pay them.
2010 Year End Tax Planning for Businesses
This form presents important year-end guides for businesses. Feel free to browse this information to better serve your clients.
CSEA Tax Season Fitness
Your commitment to your health is as important as your commitment to your clients. As you enter the marathon of tax season, we want to share a few tips with you.
Requirements for Federal Tax Return Preparers - Webinar March 30th 2011
The Return Preparer Office will offer this Free webinar/broadcast on March 30th - 2pm est/ 11am pst. Attend this webinar to learn about: Preparer Tax Identification Number (PTIN) guidelines, upcoming competency testing and continuing education plans, upcoming background check plans, electronic filing requirements, and much more. Register Today!
From the Desk of the Executive Director - Feb 24th 2011
We had a meeting with the IRS this morning and we are sending you an update on the latest information on the new registered tax return preparer initiative. The IRS has registered over 675,000 tax practitioners to date. They estimate there are 50,000 to 200,000 more practitioners to register. The question arises, why haven't more tax preparers registered when the IRS estimated there were 800,000 to 1.2 million tax preparers?
From the desk of the Executive Director - March 9, 2011
Latino Tax Professionals Association was invited by Charles Lacijan to attend the IRS Oversight Board Public Meeting in Washington D.C. on March 2, 2011. I would like to share what impressed us the most. Senator Bob Kerrey spoke about the IRS being both law enforcement as well as a social services agency.
From the Desk of the Director of Education – April 21st, 2011
This morning we attended our monthly liaison meeting with the IRS. These are the latest updates regarding the new Preparer Registration Program...
May 14th 2011 - Return Preparer Program: Proposed Disclaimer Language
The Return Preparer Office has been working on language that will be a key component of the branding for the new registered return preparer credential. Here is the text of a proposed disclaimer/description that the Return Preparer Program plans to use in various materials and communications.
IRS Exam Updates - June 17th 2011
Our Job is to keep you updated with any new information regarding the IRS Exams and industry developments. Your LTPA Board of Directors attended the monthly IRS Stakeholder Liasion meeting yesterday morning and received these updates:
Getting Started
Tax Information for Businesses
If you run a small business or are self-employed, the IRS Web site offers a wide variety of information to help you.
Checklist for Starting a Business
This checklist provides the basic steps you should follow to start a business.
Business Structures
When beginning a business, you must decide what structure to use. Legal and tax considerations enter into this decision.
Employer ID Numbers (EINs)
An Employer Identification Number (EIN) is also known as a federal tax identification number, and is used to identify a business entity. Generally, businesses need an EIN.
Online Application - Form SS-4, Employer Identification Number (EIN)
Apply online for the Employer Identification Number (EIN), also known as a Federal Tax Identification Number.
IRS Forms and Publications
Forms and Publications
Need an IRS form or publication?
Electronic Filing
e-file for Business and Self-Employed Taxpayers
The IRS offers several electronic filing options designed specifically for the business filer. There are several ways you may choose to participate in the IRS e-file for Business programs.
Electronic Federal Tax Payments (EFTPS)
Businesses and individuals can use the Electronic Federal Tax Payment System to pay all their federal taxes electronically, 24 hours a day, 7 days a week, via the phone, personal computer (PC) software or the Internet. Visit the EFTPS web site for all the latest information! Or visit the Department of Treasury's Financial Management Services web page on EFTPS.
QuickAlerts "More" e-file Benefits for EROs
Get on board and be one of the thousands of tax professionals that currently receive information on "up-to-the-minute" e-file events.
Employees
Businesses with Employees
Information about hiring, recordkeeping, and other topics for business owners with employees.
Independent Contractor vs. Employees
Before you can determine how to treat payments you make for services, you must first know the business relationship that exists between you and the person performing the services.
Employment Taxes for Small Businesses
If you have employees, you are responsible for Federal Income Tax Withholding, Social Security and Medicare taxes and Federal Unemployment Tax Act (FUTA).
IRS Withholding Calculator
This easy-to-use calculator can help you figure your employees' Federal income tax withholding so you can withhold the correct amount from their pay.
Retirement Plans for Small Businesses
Are you looking for information on employee retirement plans in order to provide better service to all your employees?
Talk With The IRS
Contact My Local Office
IRS Taxpayer Assistance Centers are your one-stop resource for face-to-face tax help and solutions to tax problems, every business day.
Taxpayer Advocate Service
The Taxpayer Advocate is an independent organization within the IRS. They help taxpayers resolve problems with the IRS and recommend changes that will prevent the problems.
Learning Center
On-Line Classroom
The Small Business/Self-Employed Virtual Small Business Tax Workshop is designed to help new and existing small business owners understand and meet their federal tax obligations.
Small Business Tax Workshops
Throughout the country various non-profit and government organizations offer small business workshops.
Resources
Small Business Resources
This section offers links to a broad range of resources across federal and state agencies.
Small Business Products Online Ordering
Looking for a tool to help you meet your tax requirements? Choose from our free products, developed especially for the Small Business/Self-Employed person, and obtain updated information on existing products.
e-News for Small Businesses
e-News for Small Businesses is a free electronic mail service designed to provide tax information for small business owners and self-employed individuals. Sign-up and you will receive information about:
- Important upcoming tax dates
- What's new for small businesses on the IRS Web site
- Reminders and tips to assist small businesses with tax compliance
- IRS News Releases and special IRS announcements.
Abusive Tax Schemes
Tax Scams - How to Recognize and Avoid Them
To help the public recognize and avoid abusive tax schemes, the IRS offers an abundance of educational materials. Participating in illegal schemes to avoid paying taxes can result in imprisonment and fines, as well as the repayment of taxes owed with penalties and interest. Education is the best way to avoid the pitfalls of these "too good to be true" tax scams.
Disaster Information
Help for Hurricane Victims: Information on Tax Relief, Charitable Issues
The Internal Revenue Service is working to provide appropriate relief and assistance to victims of Hurricanes Katrina, Rita and Wilma.
Tax Relief in Disaster Situations
Special tax law provisions may help taxpayers recover financially from the impact of a disaster, especially when the president declares their location to be a major disaster area.
Resources for Specific Communities
Industries/Professions
Specific tax information for Agriculture, Automotive, Child Care, Construction, Cosmetology, Entertainment, Fishing, Gas Retailers, Manufacturing, Real Estate, Restaurants, Tax Professionals, and other industries.
Tax Information for International Businesses
This section provides a vast amount of information on U.S. taxes for both aliens living in the U.S. and U.S. citizens located overseas.
Tax Information for Tax Professionals
Provides links to items on IRS.GOV which are helpful to the tax professional. We want to make it easy for tax professionals to find everything they need.
