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May 8, 2018

IRS News for Small Business | Safeguarding EINS, Extended Tax Relief for Puerto Rico, YouTube Small Biz Playlist | IRS

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Issue Number:  2018-15

Inside This Issue

  1. Safeguarding EINs to Prevent Identity Theft
  2. Tax Relief for Puerto Rico
  3. YouTube Small Business Playlist

1.  Safeguarding EINs to Prevent Identity Theft

The IRS is warning small businesses to be on guard against a growing wave of identity theft attempts against employers. Identity thieves have long made use of stolen Employer Identification Numbers (EINs) to create fake Forms W-2 to file with bogus tax returns. Now they are using company names and EINs to file fraudulent returns.
See the May 3, 2018, IRS news release, “IRS Urges small businesses: Protect IT systems from identity theft” for more information.
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2.  Tax Relief for Puerto Rico

Attention taxpayers doing business in Puerto Rico: the IRS has announced additional tax relief, further extending certain tax deadlines until June 29, 2018, for Puerto Rico's 78 municipalities and the U.S. Virgin Islands. IRS.gov provides the latest information for those affected by disasters, including FAQs for Disaster Victims.
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3.  YouTube Small Business Playlist

Small business/self-employed individuals can visit the small business playlist on the IRS YouTube channel and watch a series of videos that can help them navigate tax topics that affect their businesses. Topics include paying estimated taxes, employment tax, worker classification, the sharing economy, and more.
YouTube is just one social media website the IRS uses to share important information about taxes. Visit the Social Media page on IRS.gov to connect with the IRS through other sites and apps.
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