IRS relief now available to Watch Fire victims in the San Carlos Apache Tribe in Arizona; multiple deadlines postponed to Feb. 3, 2025 IR-2024-268, Oct. 11, 2024 — The Internal Revenue Service today announced disaster tax relief for individuals and businesses of the San Carlos Apache Tribe in the state of Arizona affected by the Watch Fire that began on July 10, 2024. IRS announces extension of time for certain applicable entities to make an elective payment election on Form 990-T IR-2024-267, Oct. 11, 2024 — The Internal Revenue Service announced today in Revenue Procedure 2024-39 that grants certain applicable entities that are making an elective payment election a six-month automatic extension of time to file an original or superseding Form 990-T, Exempt Organization Business Income Tax Return, with relevant schedules and forms. IRS help available to victims of Hurricanes Helene and Milton; May 1 deadline now applies to individuals and businesses IR-2024-266, Oct. 11, 2024 — In the wake of the devastating hurricanes that have ravaged Florida and the Southeast in recent weeks, the Internal Revenue Service today reassured victims that it stands ready to provide the tax-related assistance they need to recover from these storms. IRS granting dyed diesel penalty relief as a result of Hurricane Milton IR-2024-265, Oct. 11, 2024 — In response to disruptions resulting from Hurricane Milton, the Internal Revenue Service will not impose a penalty when dyed diesel fuel with a sulfur content that does not exceed 15 parts-per-million is sold for use or used on the highway throughout the state of Florida. IRS provides Hurricane Milton relief; May 1 deadline now applies to individuals and businesses in all of Florida; many businesses qualify for deposit penalty relief IR-2024-264, Oct. 11, 2024 — Due to Hurricane Milton, the Internal Revenue Service today announced relief for individuals and businesses in 51 counties in Florida. IRS accelerates work on Employee Retention Credit claims; agency currently processing 400,000 claims worth about $10 billion IR-2024-263, Oct. 10, 2024 —The IRS announced today continued progress on Employee Retention Credit claims, with processing underway on about 400,000 claims, representing about $10 billion of eligible claims. IRS releases 2022 tax gap projections; voluntary compliance rate among taxpayers remains steady IR-2024-262, Oct. 10, 2024 — The Internal Revenue Service today released the tax gap projections for tax year 2022, a detailed analysis showing the nation’s projected gross tax gap at $696 billion. This reflects the difference between projected ‘true’ tax liability and the amount of tax that is actually paid on time. Treasury and IRS issue proposed regulations providing clarity regarding the federal tax classification of entities entirely owned by Tribal governments IR-2024-261, Oct. 7, 2024 — The Department of the Treasury and the IRS today issued proposed regulations addressing the federal tax classification of corporations or LLCs that are owned entirely by Indian Tribal governments (Tribes) and formed under the laws of the Tribes that own them. Generally, entities formed under the laws of a Tribe are known as Tribal law entities. IRS reminds taxpayers of Oct. 15 tax-filing extension deadline; combat zones, disaster areas, Israel have more time IR-2024-260, Oct. 7, 2024 — The Internal Revenue Service today encouraged taxpayers to file their 2023 tax year federal income tax return on or before the upcoming Tuesday, Oct. 15, 2024, deadline to avoid possible late filing penalties. Treasury and IRS issue final regulations identifying syndicated conservation easement transactions as abusive tax transactions IR-2024-259, October 7, 2024 — The Department of the Treasury and the Internal Revenue Service today issued final regulations identifying certain syndicated conservation easement transactions as "listed transactions" – abusive tax transactions that must be reported to the IRS. IRS Direct File set to expand availability in a dozen new states and cover wider range of tax situations for the 2025 tax filing season IR-2024-258, Oct. 3, 2024 — The Internal Revenue Service announced today that Direct File will be available for the 2025 tax filing season in double the number of states than last year’s pilot, and it will cover a wider range of tax situations, greatly expanding the number of taxpayers eligible to use the free e-filing service. Treasury and IRS issue guidance on long-term, part-time employees in 403(b) retirement plans and announce delayed applicability date for related final 401(k) regulation IR-2024-257, Oct. 3, 2024 — The Department of the Treasury and the Internal Revenue Service today issued guidance addressing long-term, part-time employees in 403(b) retirement plans under the SECURE 2.0 Act, which applies to 403(b) plans beginning in 2025. IRS relief now available to wildfire victims in parts of Washington; multiple deadlines postponed to Feb. 3, 2025 IR-2024-256, Oct. 3, 2024 — The Internal Revenue Service today announced disaster tax relief for individuals and businesses in the Confederated Tribes and Bands of the Yakama Nation in Washington state affected by wildfires that began on June 22, 2024. IRS employees help Hurricane Helene efforts; 500 phone assistors supporting FEMA, Criminal Investigation agents work on rescue efforts in North Carolina, Florida IR-2024-255, Oct. 2, 2024 — As part of efforts to help victims of Hurricane Helene, the Internal Revenue Service is taking special steps to provide more than 500 employees to help with the Federal Emergency Management Agency’s (FEMA) disaster relief call lines and sending IRS Criminal Investigation (IRS-CI) agents into devastated areas to help with search and rescue efforts and other relief work. IRS granting dyed diesel penalty relief as a result of Hurricane Helene IR-2024-254, Oct. 1, 2024 — In response to disruptions resulting from Hurricane Helene, the Internal Revenue Service will not impose a penalty when dyed diesel fuel with a sulfur content that does not exceed 15 parts-per-million is sold for use or used on the highway throughout Alabama, Georgia, North Carolina, and South Carolina and in the following counties in Florida, Tennessee and Virginia. IRS provides relief for Helene; various deadlines postponed to May 1, 2025; part or all of 7 states qualify IR-2024-253, Oct. 1, 2024 — The Internal Revenue Service today announced disaster tax relief for all individuals and businesses affected by Hurricane Helene, including the entire states of Alabama, Georgia, North Carolina and South Carolina and parts of Florida, Tennessee and Virginia. IRS announces new relief for taxpayers affected by terrorist attacks in Israel: 2023 and 2024 returns and payments are now due Sept. 30, 2025; other relief available IR-2024-252, Oct. 1, 2024 — The Internal Revenue Service announced today that due to recent terrorist attacks in Israel, the agency is providing additional tax relief to affected individuals and businesses, postponing until Sept. 30, 2025, a wide range of deadlines for filing federal returns, making tax payments and performing other time-sensitive tax-related actions. Volunteers needed across the country to provide free tax services; sign up from Oct. to Jan. for the upcoming filing season IR-2024-251, Oct. 1, 2024 — The Volunteer Income Tax Assistance (VITA) and Tax Counseling for the Elderly (TCE) programs are currently recruiting volunteers for the upcoming filing season. IRS relief now available to storm victims in parts of Illinois; multiple deadlines postponed to Feb. 3, 2025 IR-2024-250, Oct. 1, 2024 — The Internal Revenue Service today announced disaster tax relief for individuals and businesses in parts of Illinois affected by severe storms, tornadoes, straight-line winds and flooding that began on July 13, 2024. News release and fact sheet archive Find previous year news releases and fact sheets from 1997 through last month.
