IRS Delays 1099-K Requirements
The Internal Revenue Service recently announced a delay in reporting thresholds for third-party settlement organizations set to take effect for the upcoming tax filing season.
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Get Tax Credits for Your Energy Efficient Home Improvements
The Internal Revenue Service has released frequently asked questions (FAQs) about energy-efficient home improvements and residential clean energy property credits in Fact Sheet FS-2022-40.
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Senate Finance Committee Chair Ways & Means Investigation of Presidential Audit Program
Senate Finance Committee Chair Ron Wyden, D-Ore., issued the following statement in reaction to the Ways & Means Committee investigation of the Presidential Audit Program:
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Bipartisan SECURE Act Boosts Retirement Savings
Senate Finance Committee Chair Ron Wyden, D-Ore., on Tuesday announced the bipartisan Setting Every Community Up for Retirement Enhancement (SECURE) 2.0 Act to bolster retirement savings, and Conservation Easement Program Integrity Act to shut down fraudulent …
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IRS Publishes Its 2022 Financial Report
The Internal Revenue Service published its most recent Financial Report on the IRS.gov website, which provides a glimpse at IRS operations during the recently completed fiscal year 2022.
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How to Apply for Clean Vehicle Credit Incentives
The Treasury Department and Internal Revenue Service recently issued a Revenue Procedure setting out key processes for manufacturers and sellers of clean vehicles. These processes are required for vehicles to …
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Senate Finance Committee Chair on European Union Implementing International Tax Reform
Senate Finance Committee Chair Ron Wyden, D-Ore., issued the following statement on the European Union directive to implement international tax reform:
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Congressional Republicans Criticize Treasury Department’s Failure
U.S. Senate Finance Committee Ranking Member Mike Crapo (R-Idaho), U.S. Senate Foreign Relations Committee Ranking Member Jim Risch (R-Idaho) and U.S. House Ways and Means Republican Leader Kevin Brady (R-Texas) …
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Taxpayers: Get Ready Now for 2023 Filing Season
The Internal Revenue Service (IRS) is reminding taxpayers to take some important steps this month to help them file their federal tax returns for 2022. The “Get Ready” page on the …
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Pennsylvania’s General Fund Revenue Short by $201.9 Million
PENNSYLVANIA — Pennsylvania collected $2.8 billion in General Fund revenue in November, which was $201.9 million, or 6.8 percent, less than anticipated, revealed Revenue Secretary Dan Hassell. Fiscal year-to-date General …
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