[OSSSA218] Fwd: IRS Headliners and Event Updates

Wed Feb 18 13:20:31 PST 2009

Good afternoon,

FYI......please share with those of interest.........and if our office can be of help don't hesitate to contact me.

Have a great day.........

Karen Park

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

SL2

Please note my office hours are Monday thru Thursday 6 am to 4:30 pm

>>> On 2/18/2009 at 12:51 PM, in message <9687ABA174F26649B8F916101422A5BF03BEA1D7 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, including the legislation just signed by President Obama.  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.  

The 2009 IRS Small Business Resource Guide is now available – however, it is no longer in a CD-ROM format.  It is now in an online format, and it now has its very own web address!  This will allow updates to be made throughout the year. Your organization or agency may want to consider posting the link to the guide on your website so your clients and members can always find it (see the short article below for the link and suggested wording).

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.

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

Oregon Event Updates:  

4th Annual Reverse Vendor Trade Show, Wednesday, March 18, 2009, 10:00 a.m. to 3:00 p.m. at the Salem Conference Center, Contact Cynthia Roda at 503-591-4379.  Offers opportunities for vendors to interact with government procurement agencies from Oregon and Southwest Washington.

Free Webinar on Identity Theft:  Tuesday, March 17, from 10:00 a.m. to 11:30 a.m.  The State of Oregon, the Federal Trade Commission, the Social Security Administration and IRS will present State and Federal Information on ID Theft.  Invitations will be e-mailed to you soon, but, if you are interested in receiving an invitation and are not on this e-mail list, please e-mail SL.Northwest at irs.gov with ID Theft in the Subject line to make sure that you get an invitation.

Northwest Food Service Show, March 29 & 30, Oregon Convention Center, sponsored by The Oregon Restaurant Association and the Washington Restaurant Association.  Contact ORA for information at 503-682-4422
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.  
2nd Annual South Coast Business Resource Fair sponsored by the South Coast Employer Council and area partners will be hosting the on Saturday, May 16th, 2009 to kick-off Small Business Week May 18-22, 2009.  Contact Becky Lunetta, 541-756-8459 ext 517 or 1-800-872-4942 ext 517
Oregon Small Business Fair, September 19, 2009, Oregon Convention Center, Contact Linda Repp for Exhibitor Information at 503-329-4260 or e-mail her at Linda.E.Repp at state.or.us.   
Rogue Valley Business Resource Fair,  Saturday, October 3, 2009,9a.m–2:00 P.M at Rogue Community College, Southern Oregon University Higher Education Center, 312 East 8th Street, Medford, Oregon Contact Ainoura Oussenbec at Ainoura.Oussenbec at state.or.us at or Phone: (541) 776-60 60 ext. 233

IRS Updates & News Releases:

Tax Provisions in the American Recovery and Reinvestment Act of 2009
http://www.irs.gov/newsroom/article/0,,id=204335,00.html?portlet=6
Congress has approved and the President has signed new economic stimulus legislation, the American Recovery and Reinvestment Act of 2009. The IRS is working closely with Congress and the administration on the stimulus legislation and will implement tax-related provisions of the new program as quickly as possible.  Additional details will be available on this Web site, IRS.gov, as soon as they become available.  See the link above for a few questions and answers on the legislation.  A summary of the key provisions is available from the Senate Finance and House Ways and Means committees.  See http://finance.senate.gov/press/Bpress/2009press/prb021209.pdf 
Social Security Payment Related to Above Law  Social Security Administration will pay all eligible Social Security and SSI beneficiaries $250 by late May 2009, so they should expect to receive a payment by no later than the first week of June 2009. The one-time payment will be a separate payment, which will not be included in the regular monthly benefit payment. The following link available from the SSA.GOV website provides a summary of Social Security's plan for issuing over 60 million one-time payments as directed by the American Recovery and Reinvestment Act of 2009:  http://www.socialsecurity.gov/payment/ 
NOTE:  SSA, THE RAILROAD RETIREMENT BOARD AND THE VETERANS ADMINISTRATION (DISABLED VETS)WILL ALL BE MAKING THE PAYMENTS DIRECTLY TO THEIR RECIPIENTS.  PAYMENTS WILL NOT BE COMING FROM IRS THIS YEAR.  AGENCIES WILL COORDINATE TO ELIMINATE DUPLICATE PAYMENTS.  FOR EXAMPLE, IT THEY ARE RECEIVING SSA AND VETS DISABILITY, THEY WILL ONLY GET ONE $250 PAYMENT.
2009 Small Business Resource Guide Available!  It’s on the Web http://www.sbrg.irs.gov/
The IRS Small Business Resource Guide is changing from a CD to an online format for 2009, and it now has its very own web address!  This will allow updates to be made as needed.  Be sure to mark it as a “favorite” on your web browser.  It still includes information on How to Write a Business Plan and all the need-to-know startup information for new businesses.

Small Business Video and Audio Presentations 
A new page on IRS.gov features video and audio presentations on a variety of topics for small businesses and self-employed taxpayers. Visit it here: http://www.irs.gov/businesses/small/article/0,,id=97726,00.html
An online audio podcast for first-time Schedule C filers includes basic tips to help new business owners avoid potential problems.  Visit it here: http://www.irs.gov/businesses/small/article/0,,id=200424,00.html

New Page on IRS.gov - Bartering Income
http://www.irs.gov/businesses/small/article/0,,id=187904,00.html
In today’s economy, small-business owners are looking at other sources of commerce, including the exchange of goods and services, or bartering. Bartering is the trading of one product or service for another. Usually there is no exchange of cash. Any business owner or professional who has a product or service to offer can barter.  While our ancestors may have exchanged eggs for corn, today you can barter computer services for auto repair. Another example of a one-on-one, non-barter exchange transaction is a plumber doing repair work for a dentist in exchange for dental services. The fair market value of the goods and services exchanged must be reported as income by both parties. Barter may take place on an informal one-on-one basis between individuals and businesses, or it can take place on a third party basis through a modern barter exchange company.  For tax purposes, barter is treated like ordinary sales, and its value must be reported. The barter exchanges record all transactions and report them to the Internal Revenue Service.  Taxpayers should treat barter income like any other business activity. Keep good records, work with a reputable barter exchange and consult the IRS or a tax professional with any questions.  See the Bartering Income page for more information on your how barter income is taxed, including depreciated assets, appreciated assets, how to report it if bartering is your trade or business, and a video on barter income.

New Page on IRS.gov - Online Auction Sellers Tax Center
http://www.irs.gov/businesses/small/industries/article/0,,id=163622,00.html
This page includes links to information on reporting income and deducting expenses for online auction sellers, maintaining records, taxability of Online Auction sales proceeds, and how to tell if your online auction activity is a hobby or a business.  There is also a link to a video which provides an overview of online auction seller tax responsibilities.

Tax Tips for 2009
http://www.irs.gov/newsroom/content/0,,id=104608,00.html?portlet=2
The Internal Revenue Service is offering a daily series of Tax Tips for the 2009 federal tax filing season that began this month.  Tax Tips offer concise, useful information on topics affecting millions of taxpayers.   More than 70 tips on federal taxes will be available with a new one for each business day until the April 15 tax filing deadline.  Tips are available as easy-to-understand text as well as several audio files for podcast.
Sample text-based Tax Tip topics include:
Choosing a tax preparer 
How e-file can make filing easier and getting you your refund faster 
What tax records to keep 
Taxpayers can receive new text-based Tax Tips via email when they are published by subscribing through the e-News Subscriptions page on IRS.gov.  

Recent Articles from e-News for Small Businesses
2009 SB/SE Customer Base Survey in progress
The Small Business/Self-Employed division is conducting its annual telephone survey of small business and self-employed taxpayers through mid-April. If you are contacted to take the survey, please help us improve our products and services by sharing your thoughts and opinions. 

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

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