- Treasury, IRS request comments on proposed regulations and a draft form for certain corporate separations and reorganizations
IR-2025-11, Jan. 13, 2025 – The Department of the Treasury and the Internal Revenue Service today issued proposed regulations for corporate separations and reorganizations, including reporting requirements for multi-year corporate separations. - IRS: California wildfire victims qualify for tax relief; various deadlines postponed to Oct. 15
IR-2025-10, Jan. 10, 2025 – The Internal Revenue Service announced today tax relief for individuals and businesses in southern California affected by wildfires and straight-line winds that began on Jan. 7, 2025. - Treasury, IRS issue proposed regulations on new automatic enrollment requirement for 401(k) and 403(b) plans
IR-2025-09, Jan. 10, 2025 – The Department of the Treasury and the Internal Revenue Service today issued proposed regulations addressing certain SECURE 2.0 Act provisions, including a provision generally requiring newly-established 401(k) and 403(b) plans to automatically enroll eligible employees beginning with the 2025 plan year. - IRS announces Jan. 27 start to 2025 tax filing season; agency continues historic improvements to expand, enhance tools and filing options to help taxpayers
IR-2025-08, Jan. 10, 2025 – The Internal Revenue Service today announced that the nation's 2025 tax season will start on Monday, Jan. 27, 2025, and will feature expanded and enhanced tools to help taxpayers as a result of the agency's historic modernization efforts. - Treasury, IRS issue proposed regulations on new Roth catch-up rule, other SECURE 2.0 Act provisions
IR-2025-07, Jan. 10, 2025 – The Department of the Treasury and the Internal Revenue Service issued proposed regulations today addressing several SECURE 2.0 Act provisions relating to catch-up contributions, which are additional contributions under a 401(k) or similar workplace retirement plan that generally are allowed with respect to employees who are age 50 or older. - Treasury and IRS issue final rules identifying certain partnership related-party "basis shifting" transactions as transactions of interest
IR-2025-06, Jan. 10, 2025 – The Department of the Treasury and the Internal Revenue Service today issued final regulations identifying certain partnership related-party "basis shifting" transactions as transactions of interest – TOIs – subject to the rules for reportable transactions. - IRS: For Carter remembrance, taxpayers have extra day to file, pay; returns, payments due Jan. 9 are now due Jan. 10
IR-2025-05, Jan. 8, 2025 – The Internal Revenue Service today granted taxpayers an extra day, until Friday, Jan. 10, 2025, to file any return or pay any tax originally due on Thursday, Jan. 9. - National Taxpayer Advocate delivers Annual Report to Congress; flags Employee Retention Credit, Identity Theft Victim Assistance processing delays and calls for adequate funding to improve taxpayer services
IR-2025-04, Jan. 8, 2025 – National Taxpayer Advocate Erin M. Collins today released her 2024 Annual Report to Congress, finding overall improvement in IRS taxpayer service but also highlighting persistent challenges, particularly delays in processing Employee Retention Credit (ERC) claims and resolving Identity Theft Victim Assistance cases. - IRS Free File opens Friday: Free tax filing service available to millions on IRS.gov
IR-2025-03, Jan. 7, 2025 – The Internal Revenue Service announced today that the IRS Free File Guided Tax Software will be available Friday for taxpayers ahead of the official start of tax season later this month. - IRS reminder: Final 2024 quarterly estimated tax payment due Jan. 15
IR-2025-02, Jan. 7, 2025 – The Internal Revenue Service today encouraged taxpayers who paid too little tax in 2024 to make a fourth quarter estimated tax payment on or before Jan. 15, 2025. - IRS reminder to disaster area taxpayers with extensions: All or parts of 14 states, 2 territories need to file 2023 returns by Feb. 3; others have until May 1
IR-2025-01, Jan. 3, 2025 –The Internal Revenue Service today reminded disaster-area taxpayers who received extensions to file their 2023 returns that, depending upon their location, their returns are due by Feb. 3 or May 1, 2025. - Treasury and IRS propose regulations to update rules for tax professionals who can practice before the IRS
IR-2024-315, Dec. 20, 2024 – The Department of the Treasury and the Internal Revenue Service today issued proposed regulations to update the rules for certain tax professionals who can practice before the IRS; these rules are contained in Treasury Department Circular 230. - IRS announces special payments going this month to 1 million taxpayers who did not claim 2021 Recovery Rebate Credit; encourages non-filers about approaching deadline to claim credits
IR-2024-314, Dec. 20, 2024 – As part of continuing efforts to help taxpayers, the Internal Revenue Service today announced plans to issue automatic payments later this month to eligible people who did not claim the Recovery Rebate Credit on their 2021 tax returns. - IRS requests feedback on draft Instructions for Form 6765, Credit for Increasing Research Activities
IR-2024-313, Dec. 20, 2024 – The Internal Revenue Service today announced the release of draft Instructions for Form 6765, Credit for Increasing Research Activities, also known as the research credit. - IRS increases the standard mileage rate for business use in 2025; key rate increases 3 cents to 70 cents per mile
IR-2024-312, Dec. 19, 2024 – The Internal Revenue Service today announced that the optional standard mileage rate for automobiles driven for business will increase by 3 cents in 2025, while the mileage rates for vehicles used for other purposes will remain unchanged from 2024. - Prepare to file in 2025: Get Ready for tax season with key updates, essential tips
IR-2024-311, Dec. 19, 2024 – With the 2025 filing season quickly approaching, the Internal Revenue Service encouraged taxpayers to take key steps now to prepare for filing their 2024 federal income tax returns next year. - IRS recovers billions in tax, financial criminal cases focused on drug trafficking, terrorist financing; launches new business online account features
IR-2024-310, Dec. 12, 2024 – The Internal Revenue Service today provided the regular quarterly update to the Strategic Operating Plan, outlining key milestones in criminal investigations, improvements to taxpayer services and advancements in digital modernization that have transformed agency operations while protecting billions of taxpayer dollars. - IRS urges many retirees to make required withdrawals from retirement plans by year-end deadline
IR-2024-309, Dec. 10, 2024 – The Internal Revenue Service today reminded those aged 73 and older of the deadline to take required minimum distributions from individual retirement arrangements (IRAs) and other retirement plans, and highlighted updates introduced by the SECURE 2.0 Act. - National Tax Security Awareness Week, Day 5: Tax pros urged to guard against identity theft with updated Written Information Security Plan
IR-2024-308, Dec. 6, 2024 – On the final day of National Tax Security Awareness Week, the Internal Revenue Service and its Security Summit partners urged tax professionals to reassess their plans for protecting themselves and their clients' sensitive information amid increasing attempts by identity thieves to steal tax data. - IRS Criminal Investigation releases FY24 Annual Report; details agency's global reach, billion-dollar impact
IR-2024-307, Dec. 5, 2024 – The Internal Revenue Service Criminal Investigation (IRS-CI) released its Fiscal Year 2024 (FY24) Annual Report today that details significant cases involving crimes ranging from tax fraud to cybercrime, enhanced domestic and foreign partnerships and investigative statistics from FY24 that took place from Oct. 1, 2023, to Sept. 30, 2024. - National Tax Security Awareness Week, Day 4: Security Summit urges updating digital security to protect businesses, taxpayers from identity theft scams
IR-2024-306, Dec. 5, 2024 – Because identity thieves target the financial data of businesses and the self-employed using new schemes, the Internal Revenue Service and the Security Summit partners today urged companies and individual taxpayers to review and update their security measures and practices to guard against the latest scams. - IRS requests applications for 2025 ETAAC membership
IR-2024-305, Dec. 4, 2024 – The Internal Revenue Service is accepting applications for the Electronic Tax Administration Advisory Committee (ETAAC) through Jan. 31, 2025. - IRS alert: Charitable contribution scams on the rise; taxpayers beware of those promoting fraudulent schemes
IR-2024-304, Dec. 4, 2024 – The Internal Revenue Service today warned taxpayers to avoid promoters of fraudulent tax schemes involving donations of ownership interests in closely held businesses, sometimes marketed as "Charitable LLCs." - National Tax Security Awareness Week, Day 3: Guard against fraudsters with an IRS identity protection PIN
IR-2024-303, Dec. 4, 2024 – The Internal Revenue Service and the Security Summit partners today encouraged taxpayers to add an extra layer of protection between their tax returns and identity thieves by joining the Identity protection personal identification number (IP PIN) program at the start of the 2025 tax season. - National Tax Security Awareness Week, Day 2: IRS, Security Summit partners urge people to watch out for bad tax advice on social media
IR-2024-302, Dec. 3, 2024 – The Internal Revenue Service and the Security Summit partners issued a consumer alert today about the growing threat of bad tax advice on social media that continues to dupe people into filing inaccurate tax returns. - IRS announces 2025 grants for the Tax Counseling for the Elderly and Volunteer Income Tax Assistance Program
IR-2024-301, Dec. 2, 2024 – The Internal Revenue Service announced today the award of $53 million in Tax Counseling for the Elderly (TCE) and Volunteer Income Tax Assistance (VITA) grants to organizations that provide free federal tax return preparation. - IRS warns of holiday scams, encourages protecting sensitive personal information as 9th annual National Tax Security Awareness Week starts
IR-2024-300, Dec. 2, 2024 – On Cyber Monday, the Internal Revenue Service and its Security Summit partners warned taxpayers to approach their holiday shopping with extra caution because scammers are also shopping – for their next victim's personal information. - IRS provides transition relief for third-party settlement organizations; Form 1099-K threshold is $5,000 for calendar year 2024
IR-2024-299, Nov. 26, 2024 – The Internal Revenue Service today issued Notice 2024-85 providing transition relief for third-party settlement organizations (TPSOs), also known as payment apps and online marketplaces, regarding transactions during calendar years 2024 and 2025. - Save for retirement now, get a tax credit later: Saver's Credit can help low- and moderate-income taxpayers save more in 2025
IR-2024-298, Nov. 25, 2024 –The Internal Revenue Service today reminded low- and moderate-income taxpayers that they can save for retirement now and possibly earn a tax credit in 2025 and future years. - IRS encourages taxpayers to prepare for 2025 filing season with online tools and key reminders
IR-2024-297, Nov. 22, 2024 – As the nation's tax season approaches, the Internal Revenue Service is reminding people of simple steps they can take now to prepare to file their 2024 federal tax returns. - IRS urges businesses to act by Nov. 22 to resolve improper Employee Retention Credit claims through Voluntary Disclosure Program; third-party payer deadline newly extended to Dec. 31
IR-2024-296, Nov. 21, 2024 – With a Nov. 22 deadline rapidly approaching for the second Voluntary Disclosure Program, the Internal Revenue Service urgently recommends that businesses review Employee Retention Credit guidelines and resolve incorrect claims soon to avoid future issues. - IRS, Security Summit partners announce 9th annual National Tax Security Awareness Week starting Dec. 2
IR-2024-295, Nov. 21, 2024 – The Internal Revenue Service, working with the Security Summit partners, today announced a special awareness week focusing on taxpayers and tax professionals to protect sensitive financial information from identity thieves and tax scams as the holidays and the 2025 tax season approach. - IRS takes steps to help prevent refund delays by accepting duplicate dependent returns with an IP PIN for 2025 filing season; taxpayers encouraged to sign up soon for IP PIN, Online Account
IR-2024-294, Nov. 21, 2024 – The Internal Revenue Service is making it easier for taxpayers to protect their information and avoid refund delays by accepting certain e-filed tax returns that claim dependents who have already been claimed on another taxpayer's return. - IRS Advisory Council issues 2024 annual report
IR-2024-293, Nov. 20, 2024 – The Internal Revenue Service Advisory Council (IRSAC) today issued its annual public report, including recommendations to the IRS on new and continuing issues in tax administration. - Treasury, IRS finalize more partnership clean energy regulations and propose related administrative requirements
IR-2024-292, Nov. 19, 2024 – The Department of the Treasury and the Internal Revenue Service released final regulations that will help certain entities that co-own clean energy projects access clean energy tax credits through elective pay (also commonly referred to as direct pay). - IRS: International Fraud Awareness Week highlights how to report fraud; taxpayer protection against scams, schemes
IR-2024-291, Nov. 18, 2024 – As part of International Fraud Awareness Week, the Internal Revenue Service reminds taxpayers how to report tax-related fraud in their community to protect personal and financial information from scam artists and tax schemes. - Interest rates decrease for the first quarter of 2025
IR-2024-290, Nov. 18, 2024 – The Internal Revenue Service today announced that interest rates will decrease for the calendar quarter beginning Jan. 1, 2025. - Give more, tax-free: Eligible IRA owners can donate up to $105,000 to charity in 2024
IR-2024-289, Nov. 14, 2024 – The Internal Revenue Service reminds individual retirement arrangement (IRA) owners age 70½ and older that they can make up to $105,000 in tax-free charitable donations during 2024 through qualified charitable distributions. That's up from $100,000 in past years. - Many businesses must report beneficial ownership information to Treasury by Jan. 1; free webinar can help
IR-2024-288, Nov. 12, 2024 – The Internal Revenue Service will sponsor a free one-hour webinar designed to help the many businesses that must report their beneficial ownership information to the Treasury Department's Financial Crimes Enforcement Network. - IRS: Healthcare FSA reminder: Employees can contribute up to $3,300 in 2025; must elect every year
IR-2024-287, Nov. 7, 2024 – The Internal Revenue Service reminds taxpayers that during open enrollment season for flexible spending arrangements (FSAs) they may be eligible to use tax-free dollars to pay medical expenses not covered by other health plans. - IRS publishes 2024 Financial Report; resolves longstanding significant deficiency
IR-2024-286, Nov. 7, 2024 – The Internal Revenue Service today released financial information and highlighted selected accomplishments and challenges in its fiscal year 2024 Financial Report. - 401(k) limit increases to $23,500 for 2025, IRA limit remains $7,000
IR-2024-285, Nov. 1, 2024 – The Internal Revenue Service announced today that the amount individuals can contribute to their 401(k) plans in 2025 has increased to $23,500, up from $23,000 for 2024. - IRS hires new Associate Chief Counsel to focus on partnerships and other passthrough entities
IR-2024-284, Oct. 29, 2024 – The IRS today announced the selection of the first Associate Chief Counsel for the newly created Passthroughs, Trusts and Estates office that will focus exclusively on partnerships, S corporations, trusts and estates. Staffing for this office will be drawn from the current Passthroughs and Special Industries office. - National Cybersecurity Awareness Month reminder: IRS and Security Summit supply online safety tips
IR-2024-283, Oct. 28, 2024 – As National Cybersecurity Awareness Month concludes and preparation for next tax season begins, the Internal Revenue Service and its Security Summit partners today reminded taxpayers to be wary of online threats like identity theft and fraud. - IRS relief now available to flood victims in the Juneau area; multiple deadlines postponed to May 1, 2025
IR-2024-282, Oct. 25, 2024 – The IRS today announced disaster tax relief for individuals and businesses in the Juneau area of Alaska, affected by flooding that began on Aug. 5, 2024. - Treasury, IRS issue final regulations for the Advanced Manufacturing Production Credit
IR-2024-281, Oct. 24, 2024 – The Department of the Treasury and the Internal Revenue Service today issued final regulations to provide guidance for the Advanced Manufacturing Production Credit established by the Inflation Reduction Act of 2022 (IRA). - Treasury and IRS issue guidance for the Energy Efficient Home Improvement Credit
IR-2024-280, Oct. 24, 2024 – The Department of the Treasury and the Internal Revenue Service today issued Revenue Procedure 2024-31 and proposed regulations to provide guidance for the Treasury and IRS issue guidance for the Energy Efficient Home Improvement Credit. - IRS reminder to disaster area taxpayers with extensions: Parts of 8 states need to file 2023 returns by Nov. 1; others have until Feb. 3 or May 1
IR-2024-279, Oct. 23, 2024 – Now that the Oct. 15 extension deadline has come and gone, the Internal Revenue Service today reminded disaster-area taxpayers who received extensions to file their 2023 returns that, depending upon their location, their returns are due on Nov. 1, 2024, Feb. 3, 2025, or May 1, 2025. - IRS encourages all taxpayers to sign up for an IP PIN for the 2025 tax season
IR-2024-278, Oct. 23, 2024 – As the 2025 tax season approaches, the IRS encourages all taxpayers to take an important step to safeguard their identity by signing up for an identity protection personal identification number (IP PIN). - Treasury, IRS grant filing exception for tax-exempt organizations from filing new Form 4626, Alternative Minimum Tax - Corporations
IR-2024-277, Oct. 23, 2024 – The Department of the Treasury and the Internal Revenue Service today granted a filing exception for tax-exempt organizations; they do not have to file Form 4626, Alternative Minimum Tax – Corporations, for tax year 2023.
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