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Kevin McKernan Kevin McKernan

National Small Business Week: Tools for Business Owners and Entrepreneurs

National Small Business Week 2026 highlights valuable IRS tools for entrepreneurs and business owners, including Business Tax Accounts, IRIS e-filing, digital tax forms, and IRS Secure Messaging. Learn how these platforms can streamline tax compliance, improve record access, simplify filings, and help businesses manage IRS communications more efficiently and securely.

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Kevin McKernan Kevin McKernan

National Small Business Week 2026: Avoid the Scam

National Small Business Week 2026 highlights growing tax scams targeting small businesses and entrepreneurs, including spear-phishing attacks and bogus “Self-Employment Tax Credit” schemes. Learn how to protect your business with cybersecurity best practices, safeguard your EIN, recognize fraud red flags, and report suspected tax scams to the IRS before financial damage occurs.

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Kevin McKernan Kevin McKernan

Failure of Owner to Deposit Employment Taxes Results in Loss of Passport

Failure to pay employment taxes can lead to serious consequences, including passport denial or revocation. The IRS may certify seriously delinquent tax debt over $66,000 in 2026 to the State Department via Notice CP508C. Learn how federal tax liens and levies trigger enforcement and what business owners should do to avoid these penalties.

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Kevin McKernan Kevin McKernan

ATTENTION: ALL SMALL BUSINESSES

Beginning January 1, 2024, businesses that file 10 or more information returns must e-file Form 8300, Report of Cash Payments Over $10,000, instead of filing a paper return. For those with fewer information returns, e-filing Form 8300 is still optional. To file electronically Form 8300, a business must set up an account with the Financial Crimes Enforcement Network's BSA E-Filing System. The IRS will ensure the privacy and security of all taxpayer data.

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