IRS Urges Taxpayers to Choose Tax Preparers Carefully to Protect Data (IR-2025-21)
The IRS reminded taxpayers to choose the right tax professional to help them avoid tax-related identity theft and financial harm. […]
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The IRS provided guidance in advance of an update to the Employee Plans Compliance Resolution System (EPCRS). The SECURE 2.0 Act of 2022 (P.L. 117-328, […]
Read MoreThe Internal Revenue Service has made progress on clearing out the backlog of paper original returns in the wake of the COVID-19 pandemic, but the backlog of unprocessed amended returns remains […]
Read MoreMark Mazur, former assistant secretary for Tax Policy U.S. at the Department of the Treasury, told members of the House Budget Committee that […]
Read MoreProposed regulations describe rules for an eligible taxpayer to make the Code Sec. 6418 election to transfer eligible credits to an unrelated person. In particular, the proposed regs: define several key terms, provide […]
Read MoreThe IRS today released an advance version of Rev. Proc. 2023-24 [PDF 1.5 MB] (462 pages), providing an updated annual list of automatic accounting method changes. Rev. Proc. 2023-24 updates and replaces Rev. Proc. […]
Read MoreDespite losing more than a quarter of the supplemental funding provided by the Inflation Reduction Act of 2022, the Internal Revenue Service does not expect the […]
Read MoreAfter thirteen years, actuarial tables used for valuing certain interests in property have been updated. Final regulations have been issued that contain revisions to actuarial tables used in […]
Read MoreInternal Revenue Service Commissioner Daniel Werfel said changes are coming to address racial disparities among those who get audited annually. “I will stay laser-focused on this to ensure […]
Read MoreThe IRS reminded taxpayers to choose the right tax professional to help them avoid tax-related identity theft and financial harm. […]
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The IRS provided six tips to help taxpayers file their 2024 tax returns more easily. Taxpayers should follow these steps […]
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The IRS encouraged taxpayers to make essential preparations and be aware of significant changes that may affect their 2024 tax […]
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Guidance is provided for property and casualty insurers that write inland marine insurance and pay the State Fire Marshal Regulatory […]
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The IRS released the optional standard mileage rates for 2025. Most taxpayers may use these rates to compute deductible costs […]
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The IRS, in partnership with the Coalition Against Scam and Scheme Threats (CASST), has unveiled new initiatives for the 2025 […]
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The IRS reminded disaster-area taxpayers that they have until February 3, 2025, to file their 2023 returns, in the entire […]
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The IRS has announced plans to issue automatic payments to eligible individuals who failed to claim the Recovery Rebate Credit on their […]
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