- IRS: Taxpayers impacted by seawater intrusion in parts of Louisiana qualify for tax relief; various deadlines postponed to Feb. 15
IR-2023-184, Sept. 29, 2023 – The Internal Revenue Service today announced tax relief for individuals and businesses affected by seawater intrusion in parts of Louisiana. These taxpayers now have until Feb. 15, 2024, to file various federal individual and business tax returns and make tax payments. - Oct. 16 tax filing extension deadline nears for millions of taxpayers
IR-2023-183, Sept. 29, 2023 – The Internal Revenue Service today reminded taxpayers about the upcoming tax filing extension deadline. To avoid a possible late filing penalty, those who requested an extension to file their 2022 tax return should file their Form 1040 on or before Monday, Oct. 16. - IRS delivers new capabilities to Tax Pro Account; latest expansion part of effort to improve technology, tools to help tax professionals serve clients
IR-2023- 182, Sept. 29, 2023 – As part of a larger effort to improve technology, the Internal Revenue Service announced today an expansion of the Tax Pro Account capabilities that allows tax professionals access to new services to help their clients. - IRS provides guidance on employer leave-based donation programs that aid victims of the wildfires in Hawaii
IR-2023-181, Sept. 28, 2023 – The Internal Revenue Service today provided guidance for employers whose employees forgo sick, vacation or personal leave to aid victims of the wildfires that began in parts of Hawaii on Aug. 8, 2023. - IRS: Builders of qualified new energy efficient homes may qualify for an expanded tax credit under Section 45L
IR-2023-180, Sept. 27, 2023 – The Internal Revenue Service issued Notice 2023-65 today which provides guidance on the new energy efficient home credit as amended by the Inflation Reduction Act (IRA). - IRS extends relief to farmers and ranchers in 49 states, other areas impacted by drought; more time to replace livestock
IR-2023-179, Sept. 27, 2023 – The Internal Revenue Service today reminded eligible farmers and ranchers forced to sell livestock due to drought may have an extended period of time in which to replace the livestock and defer tax on any gains from the forced sales. - IRS expands use of chatbots to help answer questions on key notices; expands on technology that's served 13 million taxpayers
IR-2023-178, Sept. 26, 2023 – The Internal Revenue Service today announced the availability of expanded chatbot technology to help quickly answer basic questions for people receiving notices about possibly underreporting their taxes. - IRS: Taxpayers impacted by Hurricane Lee in Maine and Massachusetts qualify for tax relief; various deadlines postponed to Feb. 15
IR-2023-177, Sept. 25, 2023 – The IRS today announced tax relief for individuals and businesses affected by Hurricane Lee anywhere in Maine and Massachusetts. These taxpayers now have until Feb. 15, 2024, to file various federal individual and business tax returns and make tax payments. - IRS to establish special pass-through organization to help with high-income compliance efforts; new workgroup to blend current employees and new hires to focus on complex partnerships, other key areas
IR-2023-176, Sept. 20, 2023 – As work continues to focus more attention onto high-income compliance issues, the Internal Revenue Service announced plans today to establish a special area to focus on large or complex pass-through entities. - IRS, Electronic Tax Administration Advisory Committee select 8 new members
IR-2023-175, Sept. 19, 2023 – The Internal Revenue Service has selected eight new members for the Electronic Tax Administration Advisory Committee (ETAAC). - IRS reminder to storm victims in 3 states: File and pay by Oct. 16; most of California, parts of Alabama and Georgia affected
IR-2023-174, Sept. 19, 2023 – The Internal Revenue Service today reminded individuals and businesses in most of California and parts of Alabama and Georgia that their 2022 federal income tax returns and tax payments are due on Monday, Oct. 16, 2023. - IRS requests feedback on preview of proposed changes to Form 6765, Credit for Increasing Research Activities
IR-2023-173, Sept. 15, 2023 – The Internal Revenue Service today released a preview of proposed changes to certain sections of Form 6765, Credit for Increasing Research Activities. The Credit for Increasing Research Activities is also known as the Research Credit. - IRS looks to hire 3,700 employees nationwide to help expand compliance for large corporations and complex partnerships; experienced accountants encouraged to apply for Revenue Agent positions
IR-2023-172, Sept. 15, 2023 – As part of larger transformation work underway to make improvements, the Internal Revenue Service announced the opening of more than 3,700 positions nationwide to help with expanded enforcement work focusing on complex partnerships and large corporations. - IRS requests comments on expanding tax certainty and issue resolution programs for business taxpayers
IR-2023-171, Sept. 15, 2023 – The Internal Revenue Service is requesting comments from taxpayers and advisors about improving and expanding tax certainty and issue resolution options for business taxpayers. - Red flags for Employee Retention Credit claims; IRS reminds businesses to watch out for warning signs of aggressive promotion that can mislead people into making improper ERC claims
IR-2023-170, Sept. 14, 2023 – The Internal Revenue Service continues to warn businesses to watch out for aggressive marketing by nefarious actors involving the Employee Retention Credit (ERC) and urged people to watch out for red flags that can signal trouble. - To protect taxpayers from scams, IRS orders immediate stop to new Employee Retention Credit processing amid surge of questionable claims; concerns from tax pros
IR-2023-169, Sept. 14, 2023 – Amid rising concerns about a flood of improper Employee Retention Credit claims, the Internal Revenue Service today announced an immediate moratorium through at least the end of the year on processing new claims for the pandemic-era relief program to protect honest small business owners from scams. - IRS: Georgia taxpayers impacted by Idalia qualify for tax relief; Oct. 16 deadline, other dates postponed to Feb. 15
IR-2023-168, Sept. 13, 2023 – The Internal Revenue Service today announced tax relief for individuals and businesses affected by Idalia in 28 of the state's 159 counties in Georgia. These taxpayers now have until Feb. 15, 2024, to file various federal individual and business tax returns and make tax payments. - IRS clarifies rules for new corporate alternative minimum tax
IR-2023-167, Sept. 12, 2023 – The Department of Treasury and the Internal Revenue Service today issued Notice 2023-64 to provide additional interim guidance designed to help corporations determine whether the new corporate alternative minimum tax (CAMT) applies to them and how to compute the tax. - IRS announces sweeping effort to restore fairness to tax system with Inflation Reduction Act funding; new compliance efforts focused on increasing scrutiny on high-income, partnerships, corporations and promoters abusing tax rules on the books
IR-2023-166, Sept. 8, 2023 – Capitalizing on Inflation Reduction Act funding and following a top-to-bottom review of enforcement efforts, the Internal Revenue Service announced today the start of a sweeping, historic effort to restore fairness in tax compliance by shifting more attention onto high-income earners, partnerships, large corporations and promoters abusing the nation's tax laws. - IRS reminds gig workers, self-employed and others of Sept. 15 third quarter estimated tax payment deadline
IR-2023-165, Sept. 6, 2023 – The Internal Revenue Service is reminding taxpayers who pay estimated taxes that the deadline to submit their third quarter payment is Sept. 15, 2023. - IRS accepting applicants for the 2024 Compliance Assurance Process
IR-2023-164, Sept. 6, 2023 – The Internal Revenue Service today announced the opening of the application period for the 2024 Compliance Assurance Process (CAP) program, which will run from Sept. 6 to Oct. 31, 2023. - IRS: South Carolina taxpayers impacted by Idalia qualify for tax relief; Oct. 16 deadline, other dates postponed to Feb. 15
IR-2023-163, Sept. 6, 2023 – The Internal Revenue Service announced tax relief for individuals and businesses affected by Idalia, anywhere in South Carolina. These taxpayers now have until Feb. 15, 2024, to file various federal individual and business tax returns and make tax payments. - IRS issues a frequently asked question for pass-through entities to report negative amounts electronically to the IRS on Part II of Schedules K-2 and K-3
IR-2023-162, Sept. 5, 2023 – The Internal Revenue Service today issued a frequently asked question in Fact Sheet 2023-20 to provide guidance to pass-through entities for electronically filing Schedules K-2 and K-3 to the IRS to report negative amounts. - September is National Preparedness Month; IRS reminds taxpayers to prepare for natural disasters
IR-2023-161, Sept. 5, 2023 – September is National Preparedness Month. With the peak of hurricane season just ahead, the Internal Revenue Service reminds taxpayers to develop an emergency preparedness plan or, if they already have one, to update it for 2023. - IRS reminder: Make sure to understand recent changes when buying a clean vehicle
IR-2023-160, Sept. 1, 2023 – The Internal Revenue Service reminded consumers considering an automobile purchase to be sure to understand several recent changes to the new Clean Vehicle Credit for qualified plug-in electric drive vehicles, including qualified manufacturers and tax rules. - IRS: Those impacted by Idalia qualify for tax relief; Oct. 16 deadline, other dates postponed to Feb. 15
IR-2023-159, Aug. 30, 2023 – The Internal Revenue Service today announced tax relief for individuals and businesses affected by Idalia in parts of Florida. These taxpayers now have until Feb. 15, 2024, to file various federal individual and business tax returns and make tax payments. - IRS issues guidance on state tax payments
IR-2023-158, Aug. 30, 2023 – The IRS today provided guidance on the federal tax status of refunds of state or local taxes and certain other payments made by state or local governments to individuals. The IRS previously provided guidance on state payments made in 2022 in news release IR-2023-23, IRS issues guidance on state tax payments to help taxpayers. - Businesses must electronically file Form 8300, Report of Cash Payments Over $10,000, beginning Jan. 1, 2024
IR-2023-157, Aug. 30, 2023 – The Internal Revenue Service today announced that starting Jan. 1, 2024, businesses are required to electronically file (e-file) Form 8300, Report of Cash Payments Over $10,000, instead of filing a paper return. This new requirement follows final regulations amending e-filing rules for information returns, including Forms 8300. - Treasury and IRS issue proposed regulations on prevailing wage and apprenticeship requirements for increased energy credit or deduction amounts
IR-2023-156, Aug. 29, 2023 – The Treasury Department and Internal Revenue Service today issued proposed regulations related to the increased tax credit or deduction amounts for clean energy facilities and projects if taxpayers satisfy certain prevailing wage and registered apprenticeship (PWA) requirements. - IRS announces administrative transition period for new Roth catch up requirement; catch-up contributions still permitted after 2023
IR-2023-155, Aug. 25, 2023 – Today, the IRS announced an administrative transition period that extends until 2026 the new requirement that any catch-up contributions made by higher income participants in 401(k) and similar retirement plans must be designated as after-tax Roth contributions. - Interest rates increase for the fourth quarter 2023
IR-2023-154, Aug. 25, 2023 – The Internal Revenue Service today announced that interest rates will increase for the calendar quarter beginning Oct.1, 2023. - Treasury and IRS issue proposed regulations on reporting by brokers for sales or exchanges of digital assets; new steps designed to end confusion, help taxpayers, aid high-income compliance work
IR-2023-153, Aug. 25, 2023 – The Department of the Treasury and the Internal Revenue Service today issued proposed regulations that would require brokers to report sales and exchanges of digital assets by customers. - Reminder to employers and employees: Educational assistance programs can be used to help pay workers' student loans; free IRS webinar will offer details
IR-2023-152, Aug. 24, 2023 – With the fall college semester quickly approaching, the Internal Revenue Service today reminded employers and employees that under federal law, employers who have educational assistance programs can use them to help pay student loan obligations for their employees. - IRS: Hawaii wildfire victims qualify for tax relief; Oct. 16 deadline, other dates postponed to Feb. 15
IR-2023-151, Aug. 18, 2023 – The IRS today announced expansive tax relief for Hawaii wildfire victims in Maui and Hawaii counties. These taxpayers now have until Feb. 15, 2024, to file various federal individual and business tax returns and make tax payments. - New school year reminder to educators; maximum educator expense deduction is $300 in 2023
IR-2023-150, Aug. 17, 2023 – As the new school year begins, the Internal Revenue Service reminds teachers and other educators that they'll be able to deduct up to $300 of out-of-pocket classroom expenses for 2023 when they file their federal income tax return next year. - IRS encourages truckers to e-file by August 31 tax payment deadline
IR-2023-149, Aug. 17, 2023 – The Internal Revenue Service today encouraged all those who have registered, or are required to register, large trucks and buses with a taxable gross weight of 55,000 pounds or more to e-file Form 2290, Heavy Highway Vehicle Use Tax Return, by the Aug. 31, 2023, payment deadline for vehicles first used in July 2023. - Inflation Reduction Act 1-year report card: IRS delivers dramatically improved 2023 filing season service, modernizes technology, pursues high-income individuals evading taxes
IR-2023-148, Aug. 16, 2023 – One year into its modernization efforts under the Inflation Reduction Act, the IRS has made significant progress toward its goals of delivering world-class service, upgrading its technology and ensuring high-income taxpayers, large corporations and complex partnerships pay taxes owed. - Security Summit: IRS reminds tax pros to plan, protect, defend against identity theft; special summer series concludes with important reminders
IR-2023-147, Aug. 15, 2023 – Wrapping up a special awareness series, the Internal Revenue Service and the Security Summit partners urged tax pros to maintain robust security measures and take important steps to protect themselves and their taxpayer clients against identity theft. - Taxpayers not under examination now have easier way to electronically request relief for late-filed international documents and forms
IR-2023-146, Aug. 11, 2023 – The IRS announced today the availability of a new option that provides an easier, more efficient way for taxpayers or their tax professionals to submit electronic requests for relief for certain late-filed international documents to improve taxpayer service. - IRS and Treasury issue guidance for owners of solar and wind powered energy facilities in low-income communities for increased energy credit under the Inflation Reduction Act
IR-2023-145, Aug. 10, 2023 – The Department of the Treasury and the Internal Revenue Service today issued final regulations and a revenue procedure to provide guidance for owners of certain solar or wind facilities built in connection with low-income communities. - IRS cautions plan sponsors to be alert to compliance issues associated with ESOPs
IR-2023-144, Aug. 9, 2023 – IRS cautions plan sponsors to be alert to compliance issues associated with ESOPs. As part of an expanded focus on ensuring high-income taxpayers pay what they owe, the Internal Revenue Service today warned businesses and tax professionals to be alert to a range of compliance issues that can be associated with Employee Stock Ownership Plans (ESOPs). - Security Summit reminder: Identity theft red flags tax pros should know
IR-2023-143, Aug. 8, 2023 – In the fourth of a special series, the Internal Revenue Service and the Security Summit partners today urged tax professionals to learn the signs of data theft so they can respond quickly to protect clients. - IRS: Builders of qualified new energy efficient homes might qualify for an expanded tax credit under Section 45L
IR-2023-142, Aug. 7, 2023 – The Internal Revenue Service reminds eligible contractors who build or substantially reconstruct qualified new energy efficient homes that they might qualify for a tax credit up to $5,000 per home. - Treasury and IRS issue guidance relating to section 5000D of the Internal Revenue Code
IR-2023-141, Aug. 4, 2023 – The Department of the Treasury and the IRS today issued guidance for manufacturers, producers and importers of certain drugs regarding the tax imposed by section 5000D of the Internal Revenue Code. Section 5000D was enacted as part of the Inflation Reduction Act. - Home energy audits may qualify for an Energy Efficient Home Improvement Credit
IR-2023-140, Aug. 4, 2023 – The IRS issued Notice 2023-59 today regarding the requirements for home energy audits for taxpayers that want to claim the Energy Efficient Home Improvement Credit. - Treasury and IRS issue proposed regulations identifying certain monetized installment sales as listed transactions
IR-2023-139, Aug. 3, 2023 – The Department of the Treasury and the Internal Revenue Service today issued proposed regulations identifying certain monetized installment sale transactions and substantially similar transactions as listed transactions – abusive tax transactions that must be reported to the IRS. - Security Summit: Tax pros should remain vigilant against phishing emails and cloud-based attacks
IR-2023-138, Aug. 1, 2023 – In the third installment of a special series, the Security Summit partners warned tax professionals to be aware of evolving phishing scams and cloud-based schemes designed to steal sensitive taxpayer information. - IRS selects new Chief Transformation and Strategy Officer to lead change efforts under the Inflation Reduction Act; David Padrino to oversee Strategic Operating Plan work to help taxpayers, drive agency improvements
IR-2023-137, July 28, 2023 – Today, the IRS announced the selection of David Padrino to serve as the Chief Transformation and Strategy Officer, a recently created role at the agency that will spearhead improvement efforts under Inflation Reduction Act funding. - IRS invites public input on ways to improve dispute resolution programs; suggestions wanted
IR-2023-136, July 27, 2023 – The Internal Revenue Service today invited public input on improvements to certain post-filing alternative dispute resolution (ADR) programs currently offered to taxpayers. - IRS Commissioner signals new phase of Employee Retention Credit work; with backlog eliminated, additional procedures will be put in place to deal with growing fraud risk
IR-2023-135, July 26, 2023 – With the IRS making substantial progress in the ongoing effort related to the Employee Retention Credit claims, Commissioner Danny Werfel said the agency has entered a new phase of increasing scrutiny on dubious submissions while renewing consumer warnings against aggressive marketing.
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