Internal Revenue Service Program for Small Business Education

Small business workshops are designed to help the small business owner understand and fulfill their Federal Tax responsibilities. Workshops are sponsored and presented by IRS partners who are Federal Tax specialists. Workshop topics vary from a general overview of taxes to more specific topics such as recordkeeping and retirement plans.  Although most are free, some workshops have fees associated with them. Any fees charged for a workshop are paid to the sponsoring organization, not the IRS. Small business phone forums enable the Internal Revenue Service (IRS) to address issues involving small businesses without having to leave your home or office. The programs are designed to provide presentations on key topics.  The phone forums are free of charge.  These forums can be held either at the local or national level.

• Go to source: www.irs.gov

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RE: Internal Revenue Service Program for Small Business Education

angelineB said...

Charitable contributions are deductible only on Schedule A (Itemized Deductions) in the Gifts to Charity Section. The Internal Revenue Service knows that taxpayers routinely inflate the value of charitable contributions on their tax returns. As a result, the tax bureau examines these items specifically closely. It is very important to evaluate presents fairly and transparently if a taxpayer wishes to claim the deductions and avoid an audit. The following recommendations may help. Deducting charitable gifts and avoiding an audit. Accounting for monetary gifts is fairly straightforward. All the IRS needs to see is a cancelled check and a letter of receipt from the charity.