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WASHINGTON, D.C. — A word of caution issued by the Internal Revenue Service (IRS) and its Security Summit partners has signaled a crucial warning to tax professionals nationwide. As we …
“New Client” Scams: A Growing Threat to Tax Professionals and Their Clients Read More
WASHINGTON, D.C. — Mark your calendars, taxpayers. The Internal Revenue Service (IRS) has set the date for the official start of the nation’s 2024 tax season. Beginning Monday, January 29, …
IRS Announces Start of 2024 Tax Season, Promises Improved Services and New Tools Read More
The Internal Revenue Service (IRS) recently announced an extension for dealers and sellers of clean vehicles to submit their time-of-sale reports following the launch of a new online portal aimed …
IRS Extends Deadline for Clean Vehicle Sellers to Submit Time-of-Sale Reports Read More
In a move that could impact homeowners across the nation, the Department of the Treasury and the Internal Revenue Service (IRS) recently announced their intent to propose regulations that implement …
IRS to Introduce PIN Requirement for Energy Efficient Home Improvement Credit Read More The Internal Revenue Service (IRS) has recently updated its frequently asked questions (FAQs) concerning the New, Previously Owned, and Qualified Commercial Clean Vehicle Credits. This move brings much-needed clarity to …
IRS Offers Clarity on Clean Vehicle Credits With Updated FAQs Read More
The Internal Revenue Service (IRS) has unveiled a new Pre-filing Registration Tool designed to assist qualifying businesses, tax-exempt organizations, and governmental entities in leveraging the elective payment or transfer of …
IRS Introduces New Tool to Facilitate Elective Payment and Credit Transfer Elections Read More
The United States Treasury Department and the Internal Revenue Service (IRS) have jointly issued a set of proposed regulations outlining the administration of the tax credit for clean hydrogen production. …
Treasury Department Unveils Proposed Regulations for Tax Credit on Clean Hydrogen Production Read More
The Internal Revenue Service (IRS) recently introduced a new Voluntary Disclosure Program aimed at assisting businesses that erroneously claimed the Employee Retention Credit (ERC). This initiative offers an avenue for …
IRS Launches Voluntary Disclosure Program to Rectify Erroneous Employee Retention Credit Claims Read More
The Internal Revenue Service (IRS) is drawing attention to the upcoming deadlines for required minimum distributions (RMDs) from individual retirement arrangements (IRAs) and other retirement plans for individuals born before …
IRS Raises Age for Required Minimum Distributions from Retirement Accounts in 2023 Read More
The United States Treasury Department and the Internal Revenue Service (IRS) have jointly issued Notice 2024-05, providing updated guidance on the commercial clean vehicle credit. This notice, which pertains to …
Treasury Department Extends Safe Harbor for Commercial Clean Vehicle Credit in 2024 Read More