IRS shares more warning signs of incorrect claims for the Employee Retention Credit; urges businesses to proactively resolve erroneous claims to avoid penalties, interest, audit IR-2024-198, July 26, 2024 — As the Internal Revenue Service intensifies work on the Employee Retention Credit, the agency today shared five new warning signs being seen on incorrect claims by businesses. Updated frequently asked questions on New, Previously Owned and Qualified Commercial Clean Vehicle Credits now available from the IRS IR-2024-197, July 26, 2024 — The Internal Revenue Service today updated frequently asked questions in Fact Sheet 2024-26 to provide guidance related to eligibility rules, income limitations, transfer rules and dealer registration for the New, Previously Owned and Qualified Commercial Clean Vehicle Credits. IRS continues to expand taxpayer services and online tools, key milestones reached with Inflation Reduction Act funding IR-2024-196, July 25, 2024 — As part of ongoing transformation efforts, the Internal Revenue Service announced today continued progress on a variety of taxpayer service and technology projects using Inflation Reduction Act (IRA) funding that expand online tools and digital services. Registration still open for IRS Tax Forum in Baltimore, Dallas; 3-day conference features education and more for tax pros IR-2024-195, July 24, 2024 — With several locations already sold out, the Internal Revenue Service today encouraged tax professionals to register soon for a spot at the upcoming IRS Nationwide Tax Forum in Baltimore, Aug. 13-15, or Dallas, Aug. 20-22. IRS issues guidance for the procedures to claim a credit for utilization of carbon oxide IR-2024-194, July 24, 2024 — The Internal Revenue Service today issued Notice 2024-60 to provide initial guidance on the credit for the sequestration of carbon oxide. This credit was amended significantly by the Inflation Reduction Act of 2022 (IRA). Security Summit urges tax pros to watch out for identity theft red flags IR-2024-193, July 23, 2024 — In the third part of a special series, the Internal Revenue Service and the Security Summit partners today urged tax professionals to learn the signs of data theft so they can respond quickly to protect their business and their clients. IRS.gov offers Free File service, other resources; provides extension filers summertime help ahead of October deadline IR-2024-192, July 22, 2024 — The Internal Revenue Service today encouraged taxpayers who requested an extension of time to file their taxes to consider using IRS Free File and other resources on IRS.gov to help them file over the summer rather than waiting for the October deadline. There’s no need to wait if taxpayers are ready to file. IRS provides relief to Hurricane Beryl victims in Texas; various deadlines postponed to Feb. 3, 2025 IR-2024-191, July 22, 2024 — The Internal Revenue Service announced today tax relief for individuals and businesses in 67 Texas counties affected by Hurricane Beryl that began on July 5, 2024. Treasury, IRS issue updated guidance on required minimum distributions from IRAs, other retirement plans; generally retains proposed rules IR-2024-190, July 18, 2024 — The Department of the Treasury and the Internal Revenue Service today issued final regulations updating the required minimum distribution (RMD) rules. IRS enhances FATCA registration website by requiring users to establish multi-factor authentication IR-2024-189, July 17, 2024 — The IRS today announced the agency will enhance the identity authentication process that financial institutions can use to register under the Foreign Account Tax Compliance Act (FATCA). Security Summit warns tax pros to remain vigilant against phishing emails and cloud-based attacks IR-2024-188, July 16, 2024 — In the second installment of a special series, the IRS and Security Summit partners warned tax professionals to be aware of evolving phishing scams and cloud-based schemes designed to steal sensitive taxpayer information. IRS warns taxpayers about misleading claims about non-existent “Self Employment Tax Credit;” promoters, social media peddling inaccurate eligibility suggestions IR-2024-187, July 15, 2024 — The IRS issued a consumer alert today following bad advice circulating on social media about a non-existent “Self Employment Tax Credit” that’s misleading taxpayers into filing false claims. IRS reminds car dealers and sellers to be aware of phishing scams IR-2024-186, July 11, 2024 — The Internal Revenue Service would like to remind car dealers and sellers to be aware of evolving phishing and smishing scams that could impact day-to-day operations of the business. IRS tops $1 billion in past-due taxes collected from millionaires; compliance efforts continue involving high-wealth groups, corporations, partnerships IR-2024-185, July 11, 2024 — As part of continuing compliance efforts under the Inflation Reduction Act, the Internal Revenue Service today announced the agency has surpassed the $1 billion mark in collections from high-wealth taxpayers with past-due taxes. Treasury, IRS issue frequently asked questions regarding registration for the Clean Fuel Production Credit IR-2024-184, July 10, 2024 — The Internal Revenue Service today issued frequently asked questions (FAQs) in Fact Sheet 2024-25 related to which entities must apply for registration for the Clean Fuel Production Credit. New, evolving scams threaten tax professionals; Security Summit warns extra attention needed on trending threats that could affect businesses, clients IR-2024-183, July 9, 2024 — The Internal Revenue Service and the Security Summit renewed a warning today to tax professionals to be on the lookout for a variety of new and evolving schemes aimed at stealing business and taxpayer information. IRS warns of new scam targeting Clean energy tax credit IR-2024-182, July 3, 2024 — The Internal Revenue Service today warned taxpayers not to fall victim to a new emerging scam involving buying clean energy tax credits. IRS reminder to disaster victims in three states: July 15 filing and payment deadline nears; others face due dates later this summer IR-2024-181, July 3, 2024 — The Internal Revenue Service today reminded individuals and businesses in parts of Alaska, Maine and Rhode Island that their 2023 federal income tax returns and tax payments are due on Monday, July 15, 2024. Tax pros continue to be targeted by identity thieves; IRS, Security Summit urge continued vigilance against evolving threats as special summer education series, Nationwide Tax Forums begin IR-2024-180, July 2, 2024 — With new and evolving scams emerging, the Internal Revenue Service and the Security Summit partners today announced the start of the special summer "Protect Your Clients; Protect Yourself" campaign to help tax professionals protect themselves against new and ongoing threats involving tax-related identity theft. News release and fact sheet archive Find previous year news releases and fact sheets from 1997 through last month.
