NYSDA Publications

IRS Issues Small Business and Self-Employed Tax Newsletter

The United States Internal Revenue Service (IRS) has issued its latest newsletter on tax issues for small businesses and the self-employed.  You can read the IRS small business newsletter below.

Inside This Issue

  1. IRS selects new leadership for Small Business and Self-Employed Division
  2. IRS joins SBA in supporting National Small Business Week, May 2 – 5

1.  IRS selects new leadership for Small Business and Self-Employed Division

The IRS announced that experienced agency executive Lia Colbert has been named the new commissioner of the Small Business Self-Employed Division (SB/SE), which oversees the agency's collection activities and the examinations of most businesses in the United States.  In her new role, Colbert will be responsible for providing executive leadership and direction to a nationwide staff of approximately 20,000 employees.  These employees are responsible for the design, development and delivery of a comprehensive tax administration program.  This program touches more than 57 million small business owners and self-employed taxpayers with business interests having less than $10 million of assets.  Furthermore, Colbert and the SB/SE deputy commissioners will work closely with employees, managers and executives across the division to review current operations and strategize improvement opportunities by looking deeply into experiences faced by the nation's taxpayers and IRS employees in this ever-challenging pandemic environment.

2.  IRS joins SBA in supporting National Small Business Week, May 2 – 5

The IRS joins the Small Business Administration in support of its National Small Business Week, May 2 - 5.  This year’s theme is Building a Better America through Entrepreneurship.  During the week, the IRS will highlight its small business resources and share information to help small businesses thrive.  Also, the Small Business Administration will hold a virtual summit May 2 - 5.  There is still time to register.  Attendees can access critical federal resources, learn new business strategies, meet other business owners and chat with industry experts.  The virtual event will include honoring small businesses around the country, educational sessions, online business resources, and interesting speakers.

Featured IRS Videos

Check out the IRS Video Portal during SBW – the homepage is featuring several videos that are sure to be of interest to small business owners.  Topics include:

News Releases

Watch for IRS News Releases beginning May 2 on these topics:

  • Tips for starting a business
  • Often-overlooked deductions
  • The importance of making estimated tax payments
  • Payroll tax issues

IRS Tax Centers

All Tax Centers are available in English, Spanish, Vietnamese, Chinese (Traditional and Simplified), Korean, Russian and Haitian-Creole.  They include:

  • Self-Employed Individuals Tax Center: A resource for sole proprietors and others who are in business for themselves.  This site has many useful tips and references to tax rules a self-employed person may need to know.
  • Small Business and Self-Employed Tax Center: An online resource featuring links to a variety of useful tools, a downloadable tax calendar and common forms with instructions.  Friendly URL: IRS.gov/smallbiz
  • Gig Economy Tax Center: This tax center helps people quickly find answers to tax questions, helpful tips and tax forms.

IRS Social Media

  • IRS YouTube Video Channel: Watch videos for small businesses on the small business playlist.  Videos are available in English, Spanish and American Sign Language.  The IRS is expanding into other languages too.  There is also the multilingual YouTube channel.
  • The Twitter handle @IRSsmallbiz joins several other IRS accounts that small business owners can visit on social media sites.
  • Small business taxpayers can get tax tips and helpful news from the IRS on Instagram, IRSNews.
  • The IRS uses Facebook to post news and information for taxpayers.  The IRS also has a Facebook page in Spanish.
  • The IRS uses LinkedIn to share agency updates and job opportunities.
  • The IRS also has its own app, IRS2Go.  Taxpayers can use this free mobile app to check their refund status, pay taxes, find free tax help, watch IRS YouTube videos and get IRS Tax Tips by e-mail.  The IRS2Go app is available from the Google Play Store for Android devices or from the Apple App Store for Apple devices.  IRS2Go is available in both English and Spanish.

More helpful IRS resources