News & Updates

IRS: New Voluntary Disclosure Program lets employers who received questionable Employee Retention Credits pay them back at discounted rate; interested taxpayers must apply by March 22

IRS reminds those aged 73 and older to make required withdrawals from IRAs and retirement plans by Dec. 31; notes changes in the law for 2023

IRS issues guidance on the incremental cost for the Commercial Clean Vehicle Credit

IRS helps taxpayers by providing penalty relief on nearly 5 million 2020 and 2021 tax returns; restart of collection notices in 2024 marks end of pandemic-related pause

IRS clarifies rules for corporate alternative minimum tax

IRS reminds taxpayers, Jan. 16 due date for final 2023 quarterly estimated tax payments

Treasury, IRS issue guidance on Sustainable Aviation Fuel Credit

IRS issues standard mileage rates for 2024; mileage rate increases to 67 cents a mile, up 1.5 cents from 2023

Treasury, IRS issue guidance for the advanced manufacturing production credit

IRS announces plans for new leadership structure; adjustments align with new priorities, agency transformation work

Get ready to file in 2024: What’s new and what to consider

IRS: Free Dec. 14 webinar to focus on tax year 2023 Form 1099-K reporting rules; designed to help reporting income through payment apps and online marketplaces

IRS honored with the Association for Federal Enterprise Risk Management’s Luminary Award

IRS Independent Office of Appeals releases fiscal year 2024 priorities; focus on improving taxpayer service

IRS: 2024 Flexible Spending Arrangement contribution limit rises by $150

IRS requests applications for 2024 ETAAC membership

IRS expands work on aggressive Employee Retention Credit claims; 20,000 disallowance letters being mailed, more action and voluntary disclosure program coming

Treasury, IRS provide guidance for those who manufacture new clean vehicles

National Tax Security Awareness Week, Day 5: As tax season approaches, IRS, Security Summit partners warn taxpayers, tax professionals to watch out for emerging scams by email, text, phone

National Tax Security Awareness Week, Day 4: Summit partners urge businesses to take steps to prevent data loss, fraud