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Latest News from irs.gov

National Taxpayer Advocate delivers Annual Report to Congress; focuses on taxpayer impact of paper processing delays

IR-2024-07, Jan. 10, 2024 — National Taxpayer Advocate Erin M. Collins released her 2023 Annual Report to Congress. 

IRS reminder: Jan. 31 filing deadline for employers to file wage statements, independent contractor forms

IR-2024-06, Jan. 9, 2024 — With tax season rapidly approaching, the IRS reminds employers that Jan. 31 is the deadline for submitting wage statements and forms for independent contractors with the government.

IRS, Security Summit partners warn of surge in “new client” scams aimed at tax pros as 2024 filing season approaches

IR-2024-05, Jan. 9, 2024 — The Internal Revenue Service and the Security Summit partners today alerted tax professionals to watch out for a new round of filing season-related email schemes where cybercriminals pose as potential clients.

2024 tax filing season set for January 29; IRS continues to make improvements to help taxpayers 

IR-2024-04, Jan. 8, 2024 — The Internal Revenue Service today announced Monday, Jan. 29, 2024, as the official start date of the nation’s 2024 tax season when the agency will begin accepting and processing 2023 tax returns. 

Tax season 2024: IRS launches Tax Professional Awareness Week; focus on reminders, challenges and training opportunities for experienced and new tax professionals

IR-2024-03, Jan. 5, 2024 — With the 2024 tax filing season just around the corner, the IRS is launching a special Tax Professional Awareness Week on Monday, Jan. 8, to assist tax professionals on what to expect during the filing season and start 2024 on the right foot.

IRS announces more time for dealers and sellers of clean vehicles to submit time-of-sale reports

IR-2024-02, Jan. 5, 2024 — Following the launch of a new online portal and to help industry, the Internal Revenue Service today announced an extension for dealers and sellers of clean vehicles to submit time-of-sale reports.

Get Ready: IRS website has helpful resources for taxpayers

IR-2024-01, Jan. 4, 2024 — The Internal Revenue Service encourages taxpayers to check out IRS.gov for tips, tools and resources to help them get ready to file their 2023 federal income tax return. 

Treasury, IRS request public comments on product identification number requirement to claim the Energy Efficient Home Improvement Credit

IR-2023-253, Dec. 29, 2023 — The Department of the Treasury and the Internal Revenue Service issued Notice 2024-13 announcing that the IRS intends to propose regulations to implement the product identification number (PIN) requirement with respect to the energy efficient home improvement credit. 

Treasury, IRS provide guidance for certain clean energy producers related to domestic content; request additional comments for upcoming regulations

IR-2023-252, Dec. 28, 2023 — The Department of the Treasury and the Internal Revenue Service today issued Notice 2024-9 that provides procedures for applicable entities to claim the statutory exception to the application of the phaseouts for elective payment projects that begin construction during calendar year 2024 that fail to satisfy the domestic content requirement.

 

IRS updates frequently asked questions for the New, Previously-Owned and Qualified Commercial Clean Vehicle Credit

IR-2023-251, Dec. 26, 2023 — The Internal Revenue Service today updated frequently asked questions in Fact Sheet 2023-29 to provide guidance related to the critical mineral and battery component requirements.

IRS: Tennessee taxpayers impacted by storms and tornadoes qualify for tax relief; various deadlines postponed to June 17

IR-2023-250, Dec. 22, 2023 — The Internal Revenue Service today provided tax relief for individuals and businesses in parts of Tennessee affected by severe storms and tornadoes that began on Dec. 9. 

IRS opens free IRA and CHIPS Pre-filing Registration Tool for organizations to register to monetize clean energy credits

IR-2023-249, Dec. 22, 2023 — The Internal Revenue Service announced today that qualifying businesses, tax-exempt organizations or entities such as state, local and Indian tribal governments can register using the new IRA/CHIPS Pre-filing Registration Tool, available free from the IRS so they can take advantage of the elective payment or transfer of credits. 

Treasury, IRS issue guidance on the tax credit for the production of clean hydrogen

IR-2023-248, Dec. 22, 2023 — The Treasury Department and Internal Revenue Service today issued proposed regulations for the tax credit for the production of clean hydrogen. 

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

IR-2023-247, Dec. 21, 2023 — As part of an ongoing initiative aimed at combating dubious Employee Retention Credit (ERC) claims, the Internal Revenue Service today launched a new Voluntary Disclosure Program to help businesses who want to pay back the money they received after filing ERC claims in error.

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

IR-2023-246, Dec. 20, 2023 — The Internal Revenue Service today reminded people born before 1951 of the year-end deadlines to take required minimum distributions (RMDs) from funds held in individual retirement arrangements (IRAs) and other retirement plans, and noted new requirements under the law beginning in 2023.

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

IR-2023-245, Dec. 20, 2023 — The Treasury Department and Internal Revenue Service today issued Notice 2024-05 regarding the commercial clean vehicle credit for commercial vehicles placed in service in 2024.

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

IR-2023-244, Dec. 19, 2023 — In a major step to help people who owe back taxes, the Internal Revenue Service today announced new penalty relief for approximately 4.7 million individuals, businesses and tax-exempt organizations that were not sent automated collection reminder notices during the pandemic. 

Transformation work continues: IRS expands business tax account access to S corporations, partnerships; adds ability to view business tax transcripts

IR-2023-243, Dec. 18, 2023 — As part of continuing transformation work, the Internal Revenue Service today announced the launch of the second phase of a new online self-service tool for businesses that expands the business tax account capabilities and eligible entity types.

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

IR-2023-242, Dec. 15, 2023 — The Internal Revenue Service today reminded taxpayers who didn’t pay enough tax in 2023 to make a fourth quarter tax payment on or before Jan. 16 to avoid a possible penalty or tax bill when filing in 2024.

IRS clarifies rules for corporate alternative minimum tax

IR-2023-241, Dec. 15, 2023 — The Department of Treasury and the Internal Revenue Service today issued Notice 2024-10 to provide additional interim guidance on the new corporate alternative minimum tax.

Treasury, IRS issue guidance on Sustainable Aviation Fuel Credit

IR-2023-240, Dec. 15, 2023 — The Treasury Department and Internal Revenue Service today issued Notice 2024-06 for the new Sustainable Aviation Fuel (SAF) credit created by the Inflation Reduction Act of 2022. 

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

IR-2023-239, Dec. 14, 2023 — The Internal Revenue Service today issued the 2024 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.

Treasury, IRS issue guidance for the advanced manufacturing production credit 

IR-2023-238, Dec. 14, 2023 — The Department of the Treasury and the Internal Revenue Service today issued proposed regulations to provide guidance for the advanced manufacturing production credit established by the Inflation Reduction Act (IRA). 

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

IR-2023-237, Dec. 13, 2023 — Internal Revenue Service Commissioner Danny Werfel today announced plans for a new leadership structure at the agency, a step designed to reflect new transformation goals and update the top of the organization chart for the first time in two decades.

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

IR-2023-236, Dec. 12, 2023 — The Internal Revenue Service will hold a free webinar, designed primarily for tax professionals whose clients receive income typically reported to them on Form 1099-K, including those who often use popular payment apps and online marketplaces.

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

IR-2023-235, Dec. 11, 2023 — The Internal Revenue Service today urged taxpayers to take important actions now to help them file their 2023 federal income tax return next year.

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

IR-2023-234, Dec. 8, 2023 — During open enrollment season for Flexible Spending Arrangements (FSAs), the Internal Revenue Service reminds taxpayers that they may be eligible to use tax-free dollars to pay medical expenses not covered by other health plans through their FSA.

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

IR-2023-233, Dec. 8, 2023 — The Internal Revenue Service’s Independent Office of Appeals today released its Focus Guide for fiscal year 2024.

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

IR-2023-232, Dec. 8, 2023 — The Internal Revenue Service recently received the prestigious Enterprise Risk Management Luminary Award at the Annual ERM Summit. 

IRS requests applications for 2024 ETAAC membership

IR-2023-231, Dec. 7, 2023 — The Internal Revenue Service is accepting applicants for nomination to the Electronic Tax Administration Advisory Committee (ETAAC) through Jan. 31, 2024.

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

IR-2023-230, Dec. 6, 2023 — As part of continuing efforts to combat dubious Employee Retention Credit (ERC) claims, the Internal Revenue Service is sending an initial round of more than 20,000 letters to taxpayers notifying them of disallowed ERC claims. 

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

IR-2023-229, Dec. 1, 2023 — To wrap up National Tax Security Awareness Week, the Internal Revenue Service and the Security Summit partners today reminded taxpayers and tax professionals to stay alert against emerging scams during the upcoming filing season and throughout the year.

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

IR-2023-228, Dec. 1, 2023 — The Department of the Treasury and the Internal Revenue Service today issued two items of guidance on the excluded entity restriction of the section 30D clean vehicle credit, as amended by the Inflation Reduction Act.  

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

IR-2023-227, Nov. 30, 2023 – As part of National Tax Security Awareness Week, the Internal Revenue Service and the Security Summit partners today urged businesses to remain vigilant against cyberattacks aimed at stealing their customer's personal information and other business data that can help identity thieves.

National Tax Security Awareness Week, Day 3: IRS Identity Protection PIN can help avoid fraud and tax-related identity theft

IR-2023-226, Nov. 29, 2023 — As part of ongoing efforts to increase security, the Internal Revenue Service and the Security Summit partners today reminded taxpayers they can get extra protection against identity theft during the 2024 tax season by joining the IP PIN program.

IRS supports international efforts to fight fraud during Charity Fraud Awareness Week

IR-2023-225, Nov. 28, 2023 — On Giving Tuesday and as part of Charity Fraud Awareness Week, the Internal Revenue Service highlighted its continued support of international efforts to fight fraud and charity scams.

National Tax Security Awareness Week, Day 2: Security Summit reminds tax pros about importance of written security plans and data breach response; special webinar planned for Nov. 30

IR-2023-224, Nov. 28, 2023 — As part of a larger effort to protect taxpayers against identity theft, the Internal Revenue Service and the Security Summit partners today reminded tax professionals to protect themselves and their client’s sensitive information, including putting in place written security plans and following new requirements to use multi-factor authentication.

IRS, Security Summit partners launch 2023 National Tax Security Awareness Week focusing on holiday scams, protecting personal information as tax season nears

IR-2023-223, Nov. 27, 2023 — On Cyber Monday, the Internal Revenue Service, state tax agencies and the nation’s tax industry – working together as the Security Summit – kicked-off the 8th National Tax Security Awareness Week with tips for taxpayers and tax professionals to avoid scams and protect sensitive personal information.

Saver’s Credit can help low- and moderate-income taxpayers to save more in 2024

IR-2023-222, Nov. 22, 2023 — The Internal Revenue Service reminds low- and moderate-income taxpayers that they can save for retirement now and possibly earn a special tax credit in 2024 and years ahead.

IRS announces delay in Form 1099-K reporting threshold for third party platform payments in 2023; plans for a threshold of $5,000 for 2024 to phase in implementation

IR-2023-221, Nov. 21, 2023 — Following feedback from taxpayers, tax professionals and payment processors and to reduce taxpayer confusion, the Internal Revenue Service today released Notice 2023-74 announcing a delay of the new $600 Form 1099-K reporting threshold for third party settlement organizations for calendar year 2023.

Treasury and IRS issue proposed regulations defining energy property

IR-2023-220, Nov. 17, 2023 — The Department of the Treasury and the Internal Revenue Service today issued proposed regulations updating rules for the investment tax credit under section 48 (ITC) that have been unchanged since 1987.

Interest rates remain the same for the first quarter of 2024

IR-2023-219, Nov. 17, 2023 — The Internal Revenue Service today announced that interest rates will remain the same for the calendar quarter beginning Jan. 1, 2024.

IRS, Security Summit partners announce 8th annual National Tax Security Awareness Week begins Nov. 27; focus on raising awareness among taxpayers, tax pros on security tips to protect against identity theft, scams

IR-2023-218, Nov. 17, 2023 — The IRS, along with its Security Summit partners in state tax agencies and the nation's tax industry, today announced a special week focusing taxpayer and tax professional awareness on protecting sensitive financial information against identity thieves as the holidays and the 2024 tax season approach.

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