Issue Number:  2008-16 Inside This Issue

1. Order a bookmark with IRS tax information for small businesses

2. Tax news from SBTV.com

3. Electronically filing Forms W2 and W2C in 2008

4. Business.gov introduces toolkit

5. Recent announcements for small businesses  

1. Order a bookmark with IRS tax information for small businesses

Publication 4667, Tax Information for Small Businesses and the Self-Employed, provides Key Search Words to help you locate important tax information on IRS.gov quickly and easily.

Order this free laminated bookmark on the Small Business Products Online Ordering page. 

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2. Tax news from SBTV.com

Watch today’s SBTV.com news for more information on the business provisions of the Economic Stimulus Package. Next Wednesday learn about the taxability of online auctions.

The ESP and online auctions video interviews are also available on IRS.gov. 

Related links:

• FS-2008-21, Business Provisions of the Economic Stimulus Act of 2008

• FS-2007-23, Reporting Auction Income and the Tax Gap

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3. Electronically filing Forms W2 and W2C in 2008

The 2008 specifications for filing Forms W-2 and W-2C electronically (2008 EFW2 and EFW2C) are now available on Social Security’s Employer Website.

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4. Business.gov introduces toolkit

Business.gov has a new “gadget” that you can place on your Web site which allows small business owners to:

• Search for information, forms, and contacts from federal, state and local governments

• Find topics of current interest to the nation's small business community

• Get a listing of licenses and permits that apply to your business

• Watch videos featuring expert advice from successful entrepreneurs and small business owners

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5. Recent announcements for small businesses

• IR-2008-92, IRS Releases Updated Drafts of Corporate and Partnership Tax Forms

• Rules for Home Construction Projects, REG-120844-07, provides guidance to taxpayers in the home construction industry regarding accounting for certain long-term construction contracts.

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