Here are some quick IRS updates for your busy Friday”

1. If you are a non-profit organization and missed the May 17 deadline to complete your Form 990, it is not too late.  The IRS Commissioner is urging you to still file and they will work with you since many smaller organizations did not learn of the policy change until late.

2. The form to claim Payroll Exemption for Hiring Unemployed Workers is now available on the IRS website.  The new Form 941 and Form W-11 are required to claim the payroll tax exemption.

3. Interest rates will remain the same for the 3rd quarter of 2010 starting in July.

4. Notice 2010-44 provides detailed information on the new Small Business Health Care Tax Credit that can be claimed on your 2010 income tax form filed in 2011.

5. 2010 Tax Filing Statistics now available on the IRS website – interesting information on how many people self-prepare, file electronically, get refunds, etc.

Have a great weekend!

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