Running a business in a complicated marketplace can pose quite a few challenges. In a constantly changing political climate, prospering-or even surviving-can get even more confounding.
Add into the mix changes in tax law, and you start to wonder where you can go to find some sound advice. How about the source?
To help businesses, the IRS makes available these resources:
• The Tax Reform page provides highlights and updates on changes in tax laws. Go to https://www.irs.gov/tax-reform.
• The agency regularly posts updates to its fact sheets. Go to https://www.irs.gov/newsroom/fact-sheets.
• The IRS provides publications on the new tax law, the Tax Cuts and Jobs Act of 2017. Go to https://www.irs.gov/publications/p15.
• The IRS has a section for frequently asked questions: https://www.irs.gov/newsroom/tax-reform-resources.
• Business owners may subscribe to receive emailed tax reform tips: https://www.irs.gov/newsroom/subscribe-to-irs-tax-tips and https://www.irs.gov/businesses/small-businesses-self-employed/subscribe-to-e-news-for-small-businesses.
Other details may apply, and you can find more information on the IRS website.
* This information is not intended to be a substitute for specific individualized tax advice. We suggest that you discuss your specific tax issues with a qualified tax advisor.
Tip adapted from IRS.gov