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Apr 3, 2024
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.
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Apr 3, 2024
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.
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Mar 26, 2024
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.
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Mar 22, 2024
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.
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Mar 22, 2024
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.
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Mar 13, 2024
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.
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Mar 6, 2024
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.
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Mar 4, 2024
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.
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Mar 1, 2024
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.
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Feb 29, 2024
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.
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Feb 28, 2024
Tax Relief for San Diego County, CA
IRS announces relief measures for taxpayers in the designated disaster area which includes San Diego County.
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Feb 21, 2024
IRS Launches Sweeping Audits on Business Jet Usage to Enhance Tax Compliance
IRS audits will scrutinize whether the use of jets is accurately allocated between business and personal purposes for tax considerations.
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Feb 21, 2024
IRS Hosts Free Webinar on Reporting Digital Asset Income: A Must-Attend for Tax Professionals
A free webinar on Thurs., Feb. 22, at 2 p.m. ET, will delve into reporting income from digital assets.
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Feb 20, 2024
Tax Relief for Michigan Residents Affected by Severe Storms and Flooding
Individuals and businesses in parts of Michigan impacted by severe storms, tornadoes, and flooding have until June 17 to file returns.
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Feb 13, 2024
IRS Issues Warning Signs for Questionable Employee Retention Credit (ERC) Claims
Warning signs to help small businesses identify possible issues with their Employee Retention Credit claims ahead of a key March deadline.
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Feb 13, 2024
Some West Virginia Deadlines Postponed Due to Severe Storms
Tax relief measures for individuals and businesses affected by severe storms, flooding, landslides, and mudslides in parts of West Virginia.
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Feb 13, 2024
Determine Eligibility for Employer-Provided Childcare Tax Credit
New IRS website aims to assist employers in defraying expenses related to qualified childcare expenditures.
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Feb 12, 2024
Be Aware of EFIN Scam Emails
Scammers are pretending to be tax software providers, tricking tax pros into handing over their Electronic Filing Identification Number.
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Feb 12, 2024
Premium Tax Credit FAQ Update
Important updates to the FAQs on the Premium Tax Credit used for buying health insurance through the marketplaces established by Obamacare.
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Feb 7, 2024
IRS Updates FAQs for Form 1099-K: What You Need to Know
Revised FAQs for Form 1099-K, focusing on Payment Card and Third Party Network Transactions, provide clarity for tax professionals.