Page 44 - Small BusinessTax Credits

UPCOM ING IRS

IM PROVEM ENTS

- Additional ability to respond to notices and file documents

online

- The IRS recently launched an online portal for businesses
to file Form 1099 series information returns electronically.

Businesses used to have to submit these forms by mail.

- later this summer, small business owners will be able to

respond to certain notices online like LTR0143C, Signature

Missing. The IRS will continue to improve and expand

these features.
- By 2024, small business owners will be able to respond to

the correction of self-employment income,

employment-related identity theft notifications and

dozens of other online notices. The IRS will also simplify

the language in the notices sent to taxpayers. These

notices will have clear instructions on what taxpayers
need to do.

TRAINBYUS: TRANSFORMING DIGITAL LEARNING