[OSSSA218] Headliners and Event Updates

Wed Nov 19 11:14:06 PST 2008

My apologies if you receive this twice. Some of you who are on the listserv serving the Fire industry may also be on the general listserv.

Have a great day!

Karen Park
State Social Security Coordinator
Oregon PERS
503 603-7633
karen.park at state.or.us

SL2

>>> On 11/19/2008 at 11:04 AM, in message <9687ABA174F26649B8F916101422A5BF03BE9C4B at FRS0010CP3MB02.ds.irsnet.gov>, "Marshall KayDel D" <KayDel.Marshall at irs.gov> wrote:

Dear Business Organization:

We are pleased to provide you with the latest IRS News Releases and Headliners to distribute to your small business members.  We hope that the information will be helpful and we encourage publication in your association's magazines, newsletters, email distributions and/or website.  

Below are summaries and links to the most recent headliners and news releases your members might be interested in.  The title and summary are designed to give you a brief overview of the article's content -- the link to the full article is at the end of each summary. I encourage you to use any or all of these in newsletters or emails to your members, or on your web site.  

Our 2009 Calendars were so popular they flew out of our distribution center in less than a month.  All is not lost.  Soon, you will be able to download the calendar reminders on depositing and filing to your Outlook Calendar from www.irs.gov.   

If someone else in your organization is a more appropriate contact point for these types of emails, please let me know.  And if you do not want to receive future emails like this one, please reply and request your name be removed.

Thank you, Kay Del 
Kay Del Marshall 
Senior Stakeholder Liaison
Small Business & Self-Employed C/L/D
1220 S.W. 3rd Avenue, Mail Stop O-185 
Portland, Oregon 97204 
503-326-5240 Phone 
503-326-5957 Fax 
E-Mail: KayDel.Marshall at irs.gov 
ID #93-10646

Upcoming Events:   

“W4 Information and Reporting Responsibilities” :  Wednesday, December 3rd  10:00-11:30 Small Business Development Center  
1445 SW Willamette St. Rm. 117, Eugene OR.  Contact the office @ (541) 463-5255 for further information

SSA/IRS Employment Tax Updates, Free SBA Webinars offered on three different dates:  You can register for December 10 Webinar Event   from 9:00 to 11:00 p.m. Pacific time at 
https://cc.readytalk.com/r/2psfoi6hvfj9 

Note:  December 10 is almost at capacity 

 You can register for the January 21 Webinar Event from 1:00 to 3:00 p.m. at
Registration Link: https://cc.readytalk.com/r/itvawwqc1jzt      
The hyperlink to a recorded version of the webinar is shown below.  You may access it at anytime to review all or a part of the presentation.   
Click on this link to play the recording: 
https://cc.readytalk.com/play?id=wok1t3gv 
For additional instructions on playback, click here:
https://www.callinfo.com/help/ArchivePlaybackInfo.html
Note: Recording playback requires Flash. If you do not have Flash installed, you will be prompted to install it before playback begins.
Coffee and Issues, November 28, 2008 at OAME  (4134 N. Vancouver, Portland, Oregon) from 7:00 a.m. to 8:00 a.m. in the large conference room.

Access to Capital Orientation, Tuesday, December 9, 2008, 10:00 to 11:30 Amelia conference Rm, OAME  (4134 N. Vancouver, Portland) 

Architects/Engineers/Contractors 7:30am - 8:00am, December 12, 2008, OAME  (4134 N. Vancouver, Portland) 

Correcting Employment Taxes National Phone Forum on December 20, 2008
Sign up now (and no later than December 5, 2008)

•          Select the time that works best for you

CONFERENCE ACCESS CODE EASTERNCENTRALMOUNTAINPACIFIC
64904411 a.m.   10 a.m.   9 a.m.  8 a.m.
464227  1 p.m.   Noon11 a.m.10 a.m.
424764  3 p.m.   2 p.m.   1 p.m. Noon

•          Register at www.attevent.com by Dec. 5, 2008. Reservations are limited, so register at the earliest date possible.
•          You will receive a Personal Identification Number that you must use to join the conference.
•          If you have never registered with AT&T for a prior phone forum, you will first need to click on create a profile.
•          If you require special accommodations (for example, Braille, large print or interpreter services) please contact Brian Finn at nationalphoneforum at irs.gov.   
•          We will e-mail presentation materials on Dec. 8, 2008.  If you do not receive this e-mail by noon on Dec. 8, 2008, e-mail us at nationalphoneforum at irs.gov to request the materials.

Oregon Small Business Forum,  January 22, 2009 from  8:00 to Noon at OAME, 4134 N. Vancouver, Portland, Oregon  Focus Area Speakers on the topic of "Finding Capital During Tough Times."   Note:  If  your organization has capital programs, please contact me to get added to the agenda before the roundtable at KayDel.Marshall at irs.gov. 

OAME   21st Annual Conference and Tradeshow on May 7th 2009, at the Oregon Convention Center and be a part of this wonderful experience. To know more of this event, please contact us at oame at oame.org. 

IRS Updates & News Releases:

Avoiding Incorrect Self-Employed Retirement Deductions
http://www.irs.gov/newsroom/article/0,,id=188218,00.html
Retirement plans are not just for big businesses. They are also available for sole proprietorships. If you are self-employed small business owner, you can set up a qualified retirement plan for yourself and your employees.  If you are a sole proprietor, you can deduct contributions you make to the plan for yourself. You can also deduct trustee fees if contributions to the plan do not cover them.  The Internal Revenue Code provides significant tax incentives for employers that establish and maintain retirement plans that comply with the requirements of the Code. 

IRS’s November Tax Talk Today Looks at Form 990 Changes
http://www.irs.gov/newsroom/article/0,,id=187851,00.html
The Internal Revenue Service’s most recent Tax Talk Today Web cast focused on “Preparing for the New Form 990.”  It's been 30 years since the IRS made major changes to Form 990 and when many tax-exempt organizations file their 2008 tax year returns, they will confront a radically redesigned form. Organizations and their preparers who missed the live program on Nov 4 will want to view the archived Web cast to learn about the new form and instructions.  The IRS has redesigned Form 990 to reflect significant changes that have taken place in the tax law and the tax-exempt sector. The new form will be filed in 2009 for the 2008 tax year. Organizations may also want to reassess if their internal systems need to be updated to reflect the new reporting requirements. The IRS has a special Web page on the Form 990 redesign and background documents .

If you are a new Tax Talk Today viewer, you'll need to complete a simple registration process to gain access to our programs.  Please visit our home page at http://www.taxtalktoday.tv, and select the text "NOT REGISTERED?" under the Login View. You only need to register once!

2009 Inflation Adjustments & Pension Plan Limitations
By law, the dollar amounts for a variety of tax provisions must be revised each year to keep pace with inflation.  More than three dozen tax benefits, affecting virtually every taxpayer, are being adjusted for 2009. Find out what’s changing in news release IR-2008-117. http://www.irs.gov/newsroom/article/0,,id=187825,00.html
In addition, news release IR-2008-118 explains the cost-of- living adjustments applicable to dollar limitations for pension plans and other items for tax year 2009. 
http://www.irs.gov/newsroom/article/0,,id=187833,00.html

For Individual and Business e-File, 2008 Is a Record Breaker
http://www.irs.gov/newsroom/article/0,,id=188359,00.html
Individual taxpayers e-filed almost 90 million tax returns during 2008, an increase of more than 12 percent over the prior year. Of the 155 million tax returns filed, about 58 percent were filed electronically. “More people with home computers and businesses embraced electronic filing this year," said IRS Commissioner Doug Shulman. “Every year, more people realize that electronic filing is the safe, accurate way for taxpayers to complete their taxes and get faster refunds.”

Issue Management Resolution System (IMRS) Monthly Overview
http://www.irs.gov/businesses/small/article/0,,id=187355,00.html 
The September overview and current hot issues are now available. IMRS facilitates stakeholder issue identification, resolution and feedback.  

FBAR (Foreign Bank Account Reporting)
The new FBAR Form/Instructions (to be used for the 2008 CY filings) has been uploaded onto irs.gov and can be found using the following link......http://www.irs.gov/pub/irs-pdf/f90221.pdf .

Recent Articles from e-News for Small Businesses Charge to increase for copies of tax returns
http://www.irs.gov/businesses/small/article/0,,id=187809,00.html 
Beginning Nov. 1, the fee for an exact copy of a previously-filed and processed tax return and all attachments will increase to $57. 
The IRS can provide a tax return transcript for many returns free of charge. A transcript contains the information most mortgage companies and other lending institutions require for loan and employment verification purposes. 

IRS’s latest hot product, ’09 Small Biz Tax Calendar  in Spanish 
Go to IRS.gov or call the National Distribution Center at (800) 829-3676 to order a free IRS 2009 Small Business/Self-Employed Tax  Calendar  in Spanish by mid-November and online by early December.   The English version is currently on line  but out of stock.  Soon you can upload the calendar to your Outlook Calendar.

Find financing opportunities on Business.gov
Business.gov has launched a new Loans and Grants Search Tool to help small business owners quickly find grant, loan and venture capital programs from federal and state governments.  
Related Link: 
Small Business Prime Contracting Achievement and Small Business Procurement Scorecards  
Nominate rules for review and reform
SBA’s Office of Advocacy offers guidelines for nominating a federal rule for review and reform by Dec. 31.  

Get the latest small business news on SBTV.com
Tune into SBTV.com today for information about Small Business Tax Workshops.  Next week, Wednesday’s newscast has tips on filing a Schedule C and on Thursday information about the new 2009 Small Business Tax Calendar.

Subscribe to e-News for Small Businesses 
If you would like to receive e-News for Small Businesses, please visit this link to subscribe: http://www.irs.gov/businesses/small/content/0,,id=154826,00.html

Recommend e-News for Small Businesses
If you already receive e-News for Small Businesses, you can share it with a business acquaintance, colleague or employee. Just forward this link to them to view a sample edition and subscribe.

Oregon Employers Can Subscribe
**Note: “Payrolltax-News” is an e-mail list that allows subscribers to receive the latest payroll tax information such as rate changes, legislative issues, and return processing questions. Employers and other interested individuals can subscribe to the list to receive the latest information via e-mail. @ www.oregon.gov/DOR/BUS/payrolltaxnews.shtml.   

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