Tax Updates 2/4

May 23

June 17 Deadline for Filing and Payments for Storm Victims

Disaster-affected areas across seven states have until June 17, 2024, to file their 2023 federal income tax returns and make payments.

May 16

Tax Relief for Ohio Tornado Victims

Affected taxpayers now have until September 3, 2024, to file various federal tax returns and make payments.

May 9

IRS Bolsters Security Measures for Tax Professionals

Additional protections for tax pros and their clients are being done to increase the security of personal data.

May 2

Sustainable Aviation Fuel (SAF) Credit Guidance

new Sustainable Aviation Fuel (SAF) Credit created by the Inflation Reduction Act of 2022 (IRA).

May 1

Data Security Information for National Small Business Week

With scams and cyberattacks targeting financial, personal, and employee information, safeguarding against these threats is critical.

Apr 29

Navigating the 2024 Allocation Round of the Qualifying Advanced Energy Project Credit Program

Guide for clean energy manufacturing and recycling projects, greenhouse gas emission reduction projects and critical material projects.

Apr 25

Final Rules on Transfers of Certain Credits (Inflation Reduction Act)

Final regulations for the transfer of eligible credits and the registration process have been released.

Apr 25

New Office to Improve Tax Dispute Resolution with IRS

IRS Independent Office of Appeals has a new Alternative Dispute Resolution (ADR) Program Office to streamline tax dispute resolutions.

Apr 18

IRS Updates Three Important FAQS

The Internal Revenue Service today issued frequently asked questions (FAQs) related to work-life referral services, vehicle credits, etc.

Apr 3

IRS Extends Tax Relief for Hawaii Wildfire Victims

The IRS has extended tax relief until August 7, 2024, for individuals and businesses impacted by the August 8, 2023, wildfires in Hawaii.

Apr 3

Tax Relief for Alaska - Wrangell Cooperative Association of Alaska Tribal Nation After Severe Storms

Tax relief announced for individuals and businesses in the Wrangell Cooperative Association of Alaska Tribal Nation.

Mar 26

June 17 tax deadline for US Citizens Abroad

Federal income tax returns for U.S. citizens and resident aliens living abroad are due on Monday, June 17th, 2024. Some exceptions included.

Mar 22

IRS Expands Rules for Energy Communities: What You Need to Know

An expansion of rules governing energy communities for both production and investment tax credits has just been announced by the IRS.

Mar 22

Seven Warning Signs of Incorrect ERC Claims

The IRS advises businesses to seek assistance from tax professionals to help them comply with Employee Retention Credit guidelines.

Mar 13

IRS News Weekly Update

The IRS issued a series of press releases last week related to Clean Energy Credits, eligible HSA expenses, Texas wildfire relief and more.

Mar 6

COVID-Era Rebate: IRS Urges Swift Action

Time is running out for those who may be entitled to the COVID-era Recovery Rebate Credit in 2020.

Mar 4

Tax Relief for Washington State Wildfire Victims

Tax relief measures have been announced for individuals and businesses in parts of Washington state affected by wildfires.

Mar 1

IRS Emphasizes the Importance of Form 8962

If you or any family member were enrolled in Marketplace health insurance and received APTC, it's essential to file Form 8962.

Feb 29

IRS Welcomes Crypto Experts to Boost Digital Asset Oversight

Mukherjee and Wilks will play key roles in the IRS's efforts related to digital assets including reporting systems and related transactions.

Feb 28

Tax Relief for San Diego County, CA

IRS announces relief measures for taxpayers in the designated disaster area which includes San Diego County.

Recent Articles

Prevent Refund Delays Caused by Duplicate Dependent Claims

NEW!! Interview Mode Has Arrived!

Upcoming 1040 MeF Production Shutdown Scheduled for November 30, 2024

IRS Boosts Retirement Savings Limits for 2025: Key Considerations for Tax Preparers

Renew Your PTIN by December 31, 2024

Get the newest tax updates and tips directly to your inbox.

Recent Articles

Categories

PRICING

SUPPORT

Annual Licensing

Dedicated Support

Additional Users

Training

Additional Storage

Conversions

Presentation

ABOUT

About Us

Frequently Asked Questions

Contact Us

System Requirements

POLICIES

Refund Policy

Terms and Conditions of Use

Privacy Policy

SMS Terms of Service

Social Media Disclaimer

OUR PARTNERS