Interest rates remain the same for the second quarter of 2024 IR-2024-47, Feb. 21, 2024 — The Internal Revenue Service today announced interest rates will remain the same for the calendar quarter beginning April 1, 2024. IRS begins audits of corporate jet usage; part of larger effort to ensure high-income groups don’t fly under the radar on tax responsibilities IR-2024-46, Feb. 21, 2024 — Using Inflation Reduction Act funding and as part of ongoing efforts to improve tax compliance in high-income categories, the Internal Revenue Service announced today plans to begin dozens of audits on business aircraft involving personal use. Tax Time Guide 2024: What to know before completing a tax return IR-2024-45, Feb. 21, 2024 — During the busiest time of the tax filing season, the Internal Revenue Service kicked off its 2024 Tax Time Guide series to help remind taxpayers of key items they’ll need to file a 2023 tax return. IRS: Free Feb. 22 webinar to focus on taxable transactions with digital assets IR-2024-44, Feb. 20, 2024 — The Internal Revenue Service announced today that it will hold a free webinar Thursday aimed at tax professionals whose clients receive income through digital asset transactions. IRS: Many farmers and fishers face March 1 tax deadline IR-2024-43, Feb. 20, 2024 — The Internal Revenue Service today reminded farmers and fishers who chose to forgo making estimated tax payments by January that they must generally file their 2023 federal income tax return and pay all taxes due by Friday, March 1, 2024. IRS: Michigan taxpayers impacted by severe storms, tornadoes and flooding qualify for tax relief; various deadlines postponed to June 17 IR-2024-42, Feb. 15, 2024 — The Internal Revenue Service today announced tax relief for individuals and businesses in parts of Michigan affected by severe storms, tornadoes and flooding that began on Aug. 24, 2023. IRS announces special Saturday hours for face-to-face help; more than 50 Taxpayer Assistance Centers open across the nation IR-2024-41, Feb. 14, 2024 — As part of a continuing effort to improve service this tax season, the Internal Revenue Service today announced special Saturday hours for the next four months at specific Taxpayer Assistance Centers (TACs) across the country. Presidents Day period marks peak time for IRS phone lines; first try IRS online tools and resources for help IR-2024-40, Feb. 14, 2024 — With the 2024 filing season in full swing, the Internal Revenue Service encourages taxpayers to visit IRS.gov and use online tools to get answers quickly and avoid phone delays during the anticipated peak demand for IRS phone lines around the Presidents Day holiday. IRS shares 7 warning signs Employee Retention Credit claims may be incorrect; urges businesses to revisit eligibility, resolve issues now before March 22 IR-2024-39, Feb. 13, 2024 — With a key March deadline quickly approaching, the Internal Revenue Service today highlighted special warning signs that an Employee Retention Credit claim may be questionable to help small businesses that may need to resolve incorrect claims. IRS crime-fighting boss announces retirement IR-2024-38, Feb. 12, 2024 — Internal Revenue Service Criminal Investigation (CI) announced Friday that Chief Jim Lee will retire from federal service, effective April 6. Treasury, IRS update frequently asked questions for the Premium Tax Credit IR-2024-37, Feb 9, 2024 — The Internal Revenue Service today updated its frequently asked questions (FAQs) for the Premium Tax Credit. IRS warns tax professionals to be aware of EFIN scam email; special webinars offered next week IR-2024-36, Feb. 8, 2024 — The Internal Revenue Service and Security Summit partners today alerted tax professionals of a scam email impersonating various software companies in an attempt to steal Electronic Filing Identification Numbers (EFINs). IRS: West Virginia taxpayers impacted by severe storms, flooding, landslides and mudslides qualify for tax relief; various deadlines postponed to June 17 IR-2024-35, Feb. 7, 2024 — The Internal Revenue Service today announced tax relief for individuals and businesses in parts of West Virginia affected by severe storms, flooding, landslides and mudslides that began on Aug. 28, 2023. IRS Employer-Provided Childcare Tax Credit page helps employers determine eligibility for up to $150,000 business tax credit IR-2024-34, Feb. 7, 2024 — The Internal Revenue Service announced the launch of a new page on IRS.gov explaining the Employer-Provided Childcare Tax Credit, an incentive for businesses to provide child care services to their employees. IRS revises and updates frequently asked questions about Form 1099-K IR-2024-33, Feb. 6, 2024 — In an effort to provide more resources for taxpayers during this filing season, the Internal Revenue Service today revised frequently asked questions for Form 1099-K, Payment Card and Third Party Network Transactions, in Fact Sheet FS-2024-03. IRS: Maine taxpayers impacted by severe storms and flooding qualify for tax relief; various deadlines postponed to June 17 IR-2024-32, Feb. 5, 2024 — The Internal Revenue Service announced today tax relief for individuals and businesses in parts of Maine affected by severe storms and flooding that began on Dec. 17, 2023. IRS: Take care when choosing a tax return professional IR-2024-31, Feb. 01, 2024 — The Internal Revenue Service reminded taxpayers that carefully choosing a tax professional to prepare a tax return is vital to ensuring that their personal and financial information is safe and secure and treated with care. News release and fact sheet archive Find previous year news releases and fact sheets from 1997 through last month.