Tax Alerts

IRS Optimizing Service and Strengthening Enforcement, IR-2023-126

The IRS delivered dramatically improved service in 2023 filing season and continues to build on this progress by focusing on critical work across the agency in achieving world class service strengthening enforcement against high-income individuals who do not pay taxes owed, and modernizing core technology infrastructure to enable better service and improve data security. The IRS has has cut phone wait times significantly and has digitized 80 times more returns than in the past year with the adoption of new scanning technology. Further, it has cleared the backlog of unprocessed individual tax returns of the past year without any errors and launched two new digital tools, and enabled a new direct-deposit refund option for taxpayers with amended returns. The IRS has been focused on optimizing the means in which taxpayers are able to seamlessly interact with the agency in the ways that work best for them on the phone, in-person and online, in addition to expanding in-person service and meeting taxpayers where they are, particularly those in underserved and rural communities.

The IRS has been working to ensure hold high-income filers pay the taxes they owe. Prior to the Inflation Reduction Act, more than a decade of budget cuts prevented IRS from keeping pace with the increasingly complicated set of tools that the wealthiest taxpayers use to hide their income and evade paying their share. Further, IRS has been modernizing decades-old technology to drive the agency’s efforts to provide world class customer service and protect taxpayers’ data. For more details about the IRS Strategic Operating Plan, visit the IRS website.

Security Summit Urges Updating Digital Security to Prevent Identity Theft, IR-2024-306

The IRS, along with Security Summit partners, urged businesses and individual taxpayers to update their security measures and practices to protect against […]

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Security Summit Urges Updating Digital Security to Prevent Identity Theft, IR-2024-306

2024 Required Amendments List Issued, Notice 2024-82

The IRS has issued its 2024 Required Amendments List (2024 RA List) for individually designed employee retirement plans. RA Lists […]

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2024 Required Amendments List Issued, Notice 2024-82

IRS Reminds Low- and Moderate-Income Taxpayers of Saver’s Credit to Save Retirement Savings in 2025 and Future Years, IR-2024-298

The IRS reminded low- and moderate-income taxpayers to save for retirement now and possibly earn a tax credit in 2025 […]

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IRS Reminds Low- and Moderate-Income Taxpayers of Saver’s Credit to Save Retirement Savings in 2025 and Future Years, IR-2024-298

IRS and Security Summit Partners Warn Against Bad Tax Advice on Social Media, IR-2024-302

The IRS and Security Summit partners issued a consumer alert regarding the increasing risk of misleading tax advice on social media, which […]

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IRS and Security Summit Partners Warn Against Bad Tax Advice on Social Media, IR-2024-302

IRS and Security Summit Recommend Joining IP PIN Program, IR-2024-303

The IRS and the Security Summit partners encouraged taxpayers to join the Identity Protection Personal Identification Number (IP PIN) program at […]

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IRS and Security Summit Recommend Joining IP PIN Program, IR-2024-303

IRS Warns Taxpayers to Avoid Promoters of Fraudulent Charitable Contribution Tax Schemes, IR-2024-304

The IRS warned taxpayers to avoid promoters of fraudulent tax schemes involving donations of ownership interests in closely held businesses, […]

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IRS Warns Taxpayers to Avoid Promoters of Fraudulent Charitable Contribution Tax Schemes, IR-2024-304

FL - Seminole County local government infrastructure surtax rate continues at 1%

On November 5, 2024, voters in Seminole County approved a ballot referendum extending the expiration date of Seminole County’s 1% […]

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FL - Seminole County local government infrastructure surtax rate continues at 1%

FL - Guidance provided on temporary suspension of hillsborough county discretionary sales surtaxes

Beginning January 1, 2025, dealers should temporarily stop collecting the following Florida discretionary sales surtaxes: the Hillsborough County 0.5% indigent […]

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FL - Guidance provided on temporary suspension of hillsborough county discretionary sales surtaxes

IRS Publishes Fiscal Year 2024 Financial Report and Receives Award for 2023 Report, IR-2024-286

The IRS has published its latest Financial Report, providing insights into the Service’s current financial status and addressing key financial […]

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IRS Publishes Fiscal Year 2024 Financial Report and Receives Award for 2023 Report, IR-2024-286

IRS Allocates Unused Low-Income Housing Credits, Rev. Proc. 2024-41

The IRS has published the amounts of unused housing credit carryovers allocated to qualified states under Code Sec. 42(h)(3)(D) for calendar year […]

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IRS Allocates Unused Low-Income Housing Credits, Rev. Proc. 2024-41