Treasury, IRS issue frequently asked questions related to the United States Department of Agriculture’s Discrimination Financial Assistance Program 

IR-2024-49, Feb. 23, 2024 — The Internal Revenue Service today issued frequently asked questions (FAQs) in Fact Sheet 2024-05 related to the United States Department of Agriculture’s (USDA) Discrimination Financial Assistance Program. 

Taxpayer Advocacy Panel seeks civic-minded volunteers to apply for the 2025 member year

IR-2024-48, Feb. 22, 2024 — The Internal Revenue Service today announced vacancies in 29 states and territories for the volunteer-led Taxpayer Advocacy Panel (TAP). 

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. 1, 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.

IRS to offer an Employee Retention Credit webinar on Feb. 8; provide updates on Voluntary Disclosure Program, moratorium

IR-2024-30, Jan. 31, 2024 — As part of an ongoing process to educate and inform people about the Employee Retention Credit (ERC), the Internal Revenue Service will host a free ERC Voluntary Disclosure Program webinar on Thursday, Feb. 8 at 2 p.m. EST. 

IRS reminder to disaster victims with extensions: File 2022 returns by Feb. 15; all or parts of 8 states and 2 territories affected 

IR-2024-29, Jan. 31, 2024 — The Internal Revenue Service today reminded disaster-area taxpayers who received extensions to file their 2022 returns that these returns are due on Feb. 15, 2024.

Things to remember when filing 2023 tax returns

IR-2024-28, Jan. 30, 2024 —The Internal Revenue Service today offered a checklist to help taxpayers as they prepare to file their 2023 tax returns during filing season.

IRS: Rhode Island taxpayers impacted by storms qualify for tax relief; various deadlines postponed to June 17

IR-2024-27, Jan. 30, 2024 — The Internal Revenue Service announced today tax relief for individuals and businesses in parts of Rhode Island affected by severe storms, flooding and tornadoes that began on Sept. 10. 

Filing season has begun, employer wage statement deadline nears

IR-2024-26, Jan. 29, 2024 — With the start of filing season the Internal Revenue Service today reminded employers of the Jan. 31 deadline to file Forms W-2 and other wage statements with the Social Security Administration (SSA). 

IRS offering additional time at Taxpayer Assistance Centers for face-to-face help

IR-2024-25, Jan. 29, 2024 — The Internal Revenue Service today announced nearly 250 IRS Taxpayer Assistance Centers (TACs) around the country will extend their weekly office hours to give taxpayers additional time to get the help they need during the filing season.

2024 tax filing season starts as IRS begins accepting tax returns today; taxpayer help expands this year with more in-person hours, better service, improved tools

IR-2024-24, Jan. 29, 2024 — The Internal Revenue Service successfully opened the 2024 tax season today by  accepting and processing federal individual tax returns as the agency continues focusing on expanding options to help taxpayers.

IRS: Free Jan. 30 webinar to focus on navigating through restart of automated collection notices, penalty relief

IR-2024-23, Jan. 26, 2024 — The Internal Revenue Service will hold a free webinar, designed primarily for tax professionals whose clients were affected by the delayed notices during the COVID pandemic. 

IRS, partners highlight EITC Awareness Day with tax resources that benefit millions of low- and moderate-income workers 

IR-2024-22, Jan. 26, 2024 — The Internal Revenue Service and partners around the nation today launched the annual Earned Income Tax Credit Awareness Day outreach campaign to help millions of low-to-moderate income working Americans that are eligible to claim the Earned Income Tax Credit. 

IRS continues work on Employee Retention Credit; new IRS CI education sessions come as agency urges businesses to review VDP, withdrawal program for questionable claims

IR-2024-21, Jan. 25, 2024 — The Internal Revenue Service renewed calls today for businesses to review their eligibility for the Employee Retention Credit as the agency’s law enforcement arm, Criminal Investigation (CI), begins a series of educational sessions for tax professionals. 

Treasury, IRS announce special relief for certain rollovers to or from Maryland Prepaid College Trust accounts

IR-2024-20, Jan. 25, 2024 — The Department of the Treasury and the Internal Revenue Service issued Notice 2024-23 announcing special relief for taxpayers impacted by recent system issues affecting the Maryland Prepaid College Trust as described in the notice.

IRS launches Simple Notice Initiative redesign effort

IR-2024-19, Jan. 23, 2024 — The Internal Revenue Service today announced work is underway on the Simple Notice Initiative, a sweeping effort to simplify and clarify about 170 million letters sent annually to taxpayers.

Taxpayers should continue to report all cryptocurrency, digital asset income

IR-2024-18, Jan. 22, 2024 — The Internal Revenue Service today reminded taxpayers that they must again answer a digital asset question and report all digital asset related income when they file their 2023 federal income tax return, as they did for their 2022 federal tax returns.

IRS: Connecticut taxpayers impacted by storms qualify for tax relief; various deadlines postponed to June 17

IR-2024-17, Jan. 22, 2024 — The Internal Revenue Service announced today tax relief for individuals and businesses in parts of Connecticut affected by severe storms, flooding and a potential dam breach that began on Jan. 10. 

Treasury, IRS issue guidance on the Qualified Alternative Fuel Vehicle Refueling Property Credit

IR-2024-16, Jan. 19, 2024 — The Internal Revenue Service and Department of Treasury issued Notice 2024-20 to provide guidance on eligible census tracts for the qualified alternative fuel vehicle refueling property credit and to announce the intent to propose regulations for the credit.

IRS: Update for Form 990-T, Form 1120-POL filers with upcoming deadlines; e-file unavailable for small number of organizations with earlier due dates

IR-2024-15, Jan. 18, 2024 — The Internal Revenue Service today alerted a limited group of tax exempt organizations that they won’t be able to electronically file Form 990-T, Exempt Organization Business Income Tax Return, or Form 1120-POL, U.S. Income Tax Return for Certain Political Organizations, until March 17, 2024.

IRS and Treasury reach major milestone implementing key provisions using the IRS Energy Credits Online Elective Pay and Transferability Tool 

IR-2024-14, Jan.18, 2024 — The Internal Revenue Service and the Treasury Department reached a major milestone in implementation of key provisions in the Inflation Reduction Act with more than 1,000 projects registered through the new IRS Energy Credits Online (ECO) tool. 

IRS selects 12 new IRSAC members for 2024

IR-2024-13, Jan.17, 2024 — The Internal Revenue Service today announced the appointment of 12 new members to the Internal Revenue Service Advisory Council. 

Treasury and IRS announce that businesses do not have to report certain transactions involving digital assets until regulations are issued

IR-2024-12, Jan. 16, 2024 — The Treasury Department and Internal Revenue Service today issued an announcement informing businesses that they do not have to report the receipt of digital assets the same way as they must report the receipt of cash until Treasury and IRS issue regulations.

IRS provides initial guidance to employers setting up emergency savings accounts for their employees 

IR-2024-11, Jan. 12, 2024 — The Internal Revenue Service today issued initial guidance to help employers with implementation of pension-linked emergency savings accounts (PLESAs).

IRS Free File now available; free service through IRS.gov available for millions of taxpayers

IR-2024-10, Jan. 12, 2024 — The Internal Revenue Service announced that IRS Free File Guided Tax Software service is ready for taxpayers to use in advance of the opening of tax season later this month. 

IRS ramps up new initiatives using Inflation Reduction Act funding to ensure complex partnerships, large corporations pay taxes owed, continues to close millionaire tax debt cases

IR-2024-09, Jan. 12, 2024 — The Internal Revenue Service announced today continued progress to expand enforcement efforts related to high-income individuals, large corporations and complex partnerships as part of wider efforts to transform the agency.

IRS: Webinar on 2023 Form 1099-K rules now available; free online video can help those who get payments through payment apps and online marketplaces 

IR-2024-08, Jan. 11, 2024 — The Internal Revenue Service today posted a free online video of a recent 2023 Form 1099-K webinar, a resource among many helpful videos at irsvideos.gov. 

National Taxpayer Advocate delivers Annual Report to Congress; focuses on taxpayer impact of paper processing delays

IR-2024-07, Jan. 10, 2024 — National Taxpayer Advocate Erin M. Collins released her 2023 Annual Report to Congress. 

IRS reminder: Jan. 31 filing deadline for employers to file wage statements, independent contractor forms

IR-2024-06, Jan. 9, 2024 — With tax season rapidly approaching, the IRS reminds employers that Jan. 31 is the deadline for submitting wage statements and forms for independent contractors with the government.

IRS, Security Summit partners warn of surge in “new client” scams aimed at tax pros as 2024 filing season approaches

IR-2024-05, Jan. 9, 2024 — The Internal Revenue Service and the Security Summit partners today alerted tax professionals to watch out for a new round of filing season-related email schemes where cybercriminals pose as potential clients.

2024 tax filing season set for January 29; IRS continues to make improvements to help taxpayers 

IR-2024-04, Jan. 8, 2024 — The Internal Revenue Service today announced Monday, Jan. 29, 2024, as the official start date of the nation’s 2024 tax season when the agency will begin accepting and processing 2023 tax returns. 

Tax season 2024: IRS launches Tax Professional Awareness Week; focus on reminders, challenges and training opportunities for experienced and new tax professionals

IR-2024-03, Jan. 5, 2024 — With the 2024 tax filing season just around the corner, the IRS is launching a special Tax Professional Awareness Week on Monday, Jan. 8, to assist tax professionals on what to expect during the filing season and start 2024 on the right foot.

IRS announces more time for dealers and sellers of clean vehicles to submit time-of-sale reports

IR-2024-02, Jan. 5, 2024 — Following the launch of a new online portal and to help industry, the Internal Revenue Service today announced an extension for dealers and sellers of clean vehicles to submit time-of-sale reports.

Get Ready: IRS website has helpful resources for taxpayers

IR-2024-01, Jan. 4, 2024 — The Internal Revenue Service encourages taxpayers to check out IRS.gov for tips, tools and resources to help them get ready to file their 2023 federal income tax return. 

Treasury, IRS request public comments on product identification number requirement to claim the Energy Efficient Home Improvement Credit

IR-2023-253, Dec. 29, 2023 — The Department of the Treasury and the Internal Revenue Service issued Notice 2024-13 announcing that the IRS intends to propose regulations to implement the product identification number (PIN) requirement with respect to the energy efficient home improvement credit. 

Treasury, IRS provide guidance for certain clean energy producers related to domestic content; request additional comments for upcoming regulations

IR-2023-252, Dec. 28, 2023 — The Department of the Treasury and the Internal Revenue Service today issued Notice 2024-9 that provides procedures for applicable entities to claim the statutory exception to the application of the phaseouts for elective payment projects that begin construction during calendar year 2024 that fail to satisfy the domestic content requirement.  

IRS updates frequently asked questions for the New, Previously-Owned and Qualified Commercial Clean Vehicle Credit

IR-2023-251, Dec. 26, 2023 — The Internal Revenue Service today updated frequently asked questions in Fact Sheet 2023-29 to provide guidance related to the critical mineral and battery component requirements.

IRS: Tennessee taxpayers impacted by storms and tornadoes qualify for tax relief; various deadlines postponed to June 17

IR-2023-250, Dec. 22, 2023 — The Internal Revenue Service today provided tax relief for individuals and businesses in parts of Tennessee affected by severe storms and tornadoes that began on Dec. 9. 

IRS opens free IRA and CHIPS Pre-filing Registration Tool for organizations to register to monetize clean energy credits

IR-2023-249, Dec. 22, 2023 — The Internal Revenue Service announced today that qualifying businesses, tax-exempt organizations or entities such as state, local and Indian tribal governments can register using the new IRA/CHIPS Pre-filing Registration Tool, available free from the IRS so they can take advantage of the elective payment or transfer of credits. 

Treasury, IRS issue guidance on the tax credit for the production of clean hydrogen

IR-2023-248, Dec. 22, 2023 — The Treasury Department and Internal Revenue Service today issued proposed regulations for the tax credit for the production of clean hydrogen. 

IRS: New Voluntary Disclosure Program lets employers who received questionable Employee Retention Credits pay them back at discounted rate; interested taxpayers must apply by March 22

IR-2023-247, Dec. 21, 2023 — As part of an ongoing initiative aimed at combating dubious Employee Retention Credit (ERC) claims, the Internal Revenue Service today launched a new Voluntary Disclosure Program to help businesses who want to pay back the money they received after filing ERC claims in error.

IRS reminds those aged 73 and older to make required withdrawals from IRAs and retirement plans by Dec. 31; notes changes in the law for 2023

IR-2023-246, Dec. 20, 2023 — The Internal Revenue Service today reminded people born before 1951 of the year-end deadlines to take required minimum distributions (RMDs) from funds held in individual retirement arrangements (IRAs) and other retirement plans, and noted new requirements under the law beginning in 2023.

IRS issues guidance on the incremental cost for the Commercial Clean Vehicle Credit

IR-2023-245, Dec. 20, 2023 — The Treasury Department and Internal Revenue Service today issued Notice 2024-05 regarding the commercial clean vehicle credit for commercial vehicles placed in service in 2024.

IRS helps taxpayers by providing penalty relief on nearly 5 million 2020 and 2021 tax returns; restart of collection notices in 2024 marks end of pandemic-related pause

IR-2023-244, Dec. 19, 2023 — In a major step to help people who owe back taxes, the Internal Revenue Service today announced new penalty relief for approximately 4.7 million individuals, businesses and tax-exempt organizations that were not sent automated collection reminder notices during the pandemic. 

Transformation work continues: IRS expands business tax account access to S corporations, partnerships; adds ability to view business tax transcripts

IR-2023-243, Dec. 18, 2023 — As part of continuing transformation work, the Internal Revenue Service today announced the launch of the second phase of a new online self-service tool for businesses that expands the business tax account capabilities and eligible entity types.

IRS reminds taxpayers, Jan. 16 due date for final 2023 quarterly estimated tax payments

IR-2023-242, Dec. 15, 2023 — The Internal Revenue Service today reminded taxpayers who didn’t pay enough tax in 2023 to make a fourth quarter tax payment on or before Jan. 16 to avoid a possible penalty or tax bill when filing in 2024.

IRS clarifies rules for corporate alternative minimum tax

IR-2023-241, Dec. 15, 2023 — The Department of Treasury and the Internal Revenue Service today issued Notice 2024-10 to provide additional interim guidance on the new corporate alternative minimum tax.

Treasury, IRS issue guidance on Sustainable Aviation Fuel Credit

IR-2023-240, Dec. 15, 2023 — The Treasury Department and Internal Revenue Service today issued Notice 2024-06 for the new Sustainable Aviation Fuel (SAF) credit created by the Inflation Reduction Act of 2022. 

IRS issues standard mileage rates for 2024; mileage rate increases to 67 cents a mile, up 1.5 cents from 2023

IR-2023-239, Dec. 14, 2023 — The Internal Revenue Service today issued the 2024 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.

Treasury, IRS issue guidance for the advanced manufacturing production credit 

IR-2023-238, Dec. 14, 2023 — The Department of the Treasury and the Internal Revenue Service today issued proposed regulations to provide guidance for the advanced manufacturing production credit established by the Inflation Reduction Act (IRA). 

IRS announces plans for new leadership structure; adjustments align with new priorities, agency transformation work

IR-2023-237, Dec. 13, 2023 — Internal Revenue Service Commissioner Danny Werfel today announced plans for a new leadership structure at the agency, a step designed to reflect new transformation goals and update the top of the organization chart for the first time in two decades.

IRS: Free Dec. 14 webinar to focus on tax year 2023 Form 1099-K reporting rules; designed to help reporting income through payment apps and online marketplaces

IR-2023-236, Dec. 12, 2023 — The Internal Revenue Service will hold a free webinar, designed primarily for tax professionals whose clients receive income typically reported to them on Form 1099-K, including those who often use popular payment apps and online marketplaces.

Get ready to file in 2024: What’s new and what to consider

IR-2023-235, Dec. 11, 2023 — The Internal Revenue Service today urged taxpayers to take important actions now to help them file their 2023 federal income tax return next year.

IRS: 2024 Flexible Spending Arrangement contribution limit rises by $150

IR-2023-234, Dec. 8, 2023 — During open enrollment season for Flexible Spending Arrangements (FSAs), the Internal Revenue Service reminds taxpayers that they may be eligible to use tax-free dollars to pay medical expenses not covered by other health plans through their FSA.

IRS Independent Office of Appeals releases fiscal year 2024 priorities; focus on improving taxpayer service

IR-2023-233, Dec. 8, 2023 — The Internal Revenue Service’s Independent Office of Appeals today released its Focus Guide for fiscal year 2024.

IRS honored with the Association for Federal Enterprise Risk Management’s Luminary Award

IR-2023-232, Dec. 8, 2023 — The Internal Revenue Service recently received the prestigious Enterprise Risk Management Luminary Award at the Annual ERM Summit. 

IRS requests applications for 2024 ETAAC membership

IR-2023-231, Dec. 7, 2023 — The Internal Revenue Service is accepting applicants for nomination to the Electronic Tax Administration Advisory Committee (ETAAC) through Jan. 31, 2024.

IRS expands work on aggressive Employee Retention Credit claims; 20,000 disallowance letters being mailed, more action and voluntary disclosure program coming

IR-2023-230, Dec. 6, 2023 — As part of continuing efforts to combat dubious Employee Retention Credit (ERC) claims, the Internal Revenue Service is sending an initial round of more than 20,000 letters to taxpayers notifying them of disallowed ERC claims. 

National Tax Security Awareness Week, Day 5: As tax season approaches, IRS, Security Summit partners warn taxpayers, tax professionals to watch out for emerging scams by email, text, phone

IR-2023-229, Dec. 1, 2023 — To wrap up National Tax Security Awareness Week, the Internal Revenue Service and the Security Summit partners today reminded taxpayers and tax professionals to stay alert against emerging scams during the upcoming filing season and throughout the year.

Treasury, IRS provide guidance for those who manufacture new clean vehicles

IR-2023-228, Dec. 1, 2023 — The Department of the Treasury and the Internal Revenue Service today issued two items of guidance on the excluded entity restriction of the section 30D clean vehicle credit, as amended by the Inflation Reduction Act.  

National Tax Security Awareness Week, Day 4: Summit partners urge businesses to take steps to prevent data loss, fraud 

IR-2023-227, Nov. 30, 2023 – As part of National Tax Security Awareness Week, the Internal Revenue Service and the Security Summit partners today urged businesses to remain vigilant against cyberattacks aimed at stealing their customer's personal information and other business data that can help identity thieves.

National Tax Security Awareness Week, Day 3: IRS Identity Protection PIN can help avoid fraud and tax-related identity theft

IR-2023-226, Nov. 29, 2023 — As part of ongoing efforts to increase security, the Internal Revenue Service and the Security Summit partners today reminded taxpayers they can get extra protection against identity theft during the 2024 tax season by joining the IP PIN program.

IRS supports international efforts to fight fraud during Charity Fraud Awareness Week

IR-2023-225, Nov. 28, 2023 — On Giving Tuesday and as part of Charity Fraud Awareness Week, the Internal Revenue Service highlighted its continued support of international efforts to fight fraud and charity scams.

National Tax Security Awareness Week, Day 2: Security Summit reminds tax pros about importance of written security plans and data breach response; special webinar planned for Nov. 30

IR-2023-224, Nov. 28, 2023 — As part of a larger effort to protect taxpayers against identity theft, the Internal Revenue Service and the Security Summit partners today reminded tax professionals to protect themselves and their client’s sensitive information, including putting in place written security plans and following new requirements to use multi-factor authentication.

IRS, Security Summit partners launch 2023 National Tax Security Awareness Week focusing on holiday scams, protecting personal information as tax season nears

IR-2023-223, Nov. 27, 2023 — On Cyber Monday, the Internal Revenue Service, state tax agencies and the nation’s tax industry – working together as the Security Summit – kicked-off the 8th National Tax Security Awareness Week with tips for taxpayers and tax professionals to avoid scams and protect sensitive personal information.

Saver’s Credit can help low- and moderate-income taxpayers to save more in 2024

IR-2023-222, Nov. 22, 2023 — The Internal Revenue Service reminds low- and moderate-income taxpayers that they can save for retirement now and possibly earn a special tax credit in 2024 and years ahead.

IRS announces delay in Form 1099-K reporting threshold for third party platform payments in 2023; plans for a threshold of $5,000 for 2024 to phase in implementation

IR-2023-221, Nov. 21, 2023 — Following feedback from taxpayers, tax professionals and payment processors and to reduce taxpayer confusion, the Internal Revenue Service today released Notice 2023-74 announcing a delay of the new $600 Form 1099-K reporting threshold for third party settlement organizations for calendar year 2023.

Treasury and IRS issue proposed regulations defining energy property

IR-2023-220, Nov. 17, 2023 — The Department of the Treasury and the Internal Revenue Service today issued proposed regulations updating rules for the investment tax credit under section 48 (ITC) that have been unchanged since 1987.

Interest rates remain the same for the first quarter of 2024

IR-2023-219, Nov. 17, 2023 — The Internal Revenue Service today announced that interest rates will remain the same for the calendar quarter beginning Jan. 1, 2024.

IRS, Security Summit partners announce 8th annual National Tax Security Awareness Week begins Nov. 27; focus on raising awareness among taxpayers, tax pros on security tips to protect against identity theft, scams

IR-2023-218, Nov. 17, 2023 — The IRS, along with its Security Summit partners in state tax agencies and the nation's tax industry, today announced a special week focusing taxpayer and tax professional awareness on protecting sensitive financial information against identity thieves as the holidays and the 2024 tax season approach.

IRS reminds eligible 2020 and 2021 non-filers to claim Recovery Rebate Credit before time runs out

IR-2023-217, Nov. 17, 2023 — The Internal Revenue Service is reminding those who may be entitled to the Recovery Rebate Credit to file a tax return and claim their money before it’s too late. 

Treasury, IRS propose regulations implementing disallowance of deductions for certain conservation easement contributions by partnerships, S corporations

IR-2023-216, Nov. 17, 2023 — The Department of the Treasury and the Internal Revenue Service today issued proposed regulations that provide guidance under a new section of the law that disallows deductions for certain charitable conservation contributions by partnerships and other pass-through entities. Syndicated conservation easements have been included in the IRS’ annual list of Dirty Dozen tax schemes for many years. 

Qualified charitable distributions allow eligible IRA owners up to $100,000 in tax-free gifts to charity

IR-2023-215, Nov. 16, 2023 — The Internal Revenue Service today reminded individual retirement arrangement (IRA) owners age 70½ or over that they can transfer up to $100,000 to charity tax-free each year.

IRS selects Rajiv Uppal as new Chief Information Officer; veteran technology executive will assist with ongoing transformation work

IR-2023-214, Nov. 15, 2023 — The Internal Revenue Service announced today that Rajiv Uppal has been selected to be the next chief information officer and assist with the tax agency’s transformation work.

IRS offers free Nov. 16 webinar on new information return e-file threshold change taking effect next year

IR-2023-213, Nov. 14, 2023 — The Internal Revenue Service will hold a free webinar at 1 p.m. ET on Thursday, Nov. 16, to update employers, tax professionals and others on the most recent developments of the e-file requirements for information returns that take effect Jan. 1, 2024. 

IRS highlights International Fraud Awareness Week; taxpayers urged to protect against scams, schemes

IR-2023-212, Nov. 13, 2023 — As part of ongoing efforts to protect taxpayers, the Internal Revenue Service reminds people that International Fraud Awareness Week serves as an important time to protect personal and financial information from scam artists and tax schemes. 

IRS updates frequently asked questions related to wrongful incarceration of a United States service member

IR-2023-211, Nov. 13, 2023 — The Internal Revenue Service today issued frequently asked questions (FAQs) on Fact Sheet 2023-26 updating question 9 to reflect that wrongfully incarcerated United States service members cannot exclude certain payments from gross income.

Tax season rapidly approaching: Get ready now to file 2023 federal income tax returns in early 2024

IR-2023-210, Nov. 13, 2023 — With the nation’s tax season rapidly approaching, the Internal Revenue Service reminds taxpayers there are important steps they can take now to help “get ready” to file their 2023 federal tax return.

IRS publishes its fiscal year 2023 Financial Report; receives award for 2022 report

IR-2023-209, Nov. 9, 2023 — The IRS today issued its most recent Financial Report. Earlier this year AGA, formerly known as the Association of Government Accountants, presented the IRS its first Certificate of Excellence in Accountability Reporting (CEAR) award. 

IRS provides tax inflation adjustments for tax year 2024

IR-2023-208, Nov. 9, 2023 — The Internal Revenue Service today announced the annual inflation adjustments for more than 60 tax provisions for tax year 2024, including the tax rate schedules and other tax changes.

IRS Advisory Council issues 2023 Annual Report

IR-2023-207, Nov. 9, 2023 — The Internal Revenue Service Advisory Council (IRSAC) today issued its annual report for 2023, including recommendations to the IRS on new and continuing issues in tax administration.

IRS achieves key Paperless Processing Initiative goal, outlines improvements for filing season 2024

FS-2023-25, Nov. 2023 — Following a dramatically improved 2023 Filing Season thanks to Inflation Reduction Act investments, Treasury and IRS announced additional improvements taxpayers will experience next Filing Season. Treasury and IRS also announced meeting the first goal of the Paperless Processing Initiative announced in August by Secretary of the Treasury Janet L. Yellen and Commissioner of the IRS Danny Werfel. Taxpayers are now able to digitally submit all correspondence and responses to notices.

Clean vehicle sellers and dealers should register with Energy Credits Online; register by Dec. 1, 2023 to ensure Jan. 1 availability

IR-2023-206, Nov. 8, 2023 — The Internal Revenue Service reminded dealers and sellers of clean vehicles to register their organizations immediately on the Energy Credits Online tool. 

Avoid a surprise next year; review tax withholding now before time runs out

IR-2023-205, Nov. 3, 2023 — With 2023 rapidly coming to a close, the Internal Revenue Service today encouraged taxpayers to review their tax withholding as soon as possible to avoid a potential surprise when they file their tax return next year.

Digital asset public hearing rescheduled for Nov. 13

IR-2023-204, Nov. 2, 2023 — The Internal Revenue Service announced today that the hearing on proposed regulations regarding digital asset transactions currently scheduled for Nov. 7 has been rescheduled for Nov. 13, 2023. 

401(k) limit increases to $23,000 for 2024, IRA limit rises to $7,000

IR-2023-203, Nov. 1, 2023 — The Internal Revenue Service announced today that the amount individuals can contribute to their 401(k) plans in 2024 has increased to $23,000, up from $22,500 for 2023. 

IRS opens free Energy Credit Online tool for sellers of clean vehicles to register for time-of-sale reporting and dealer advance payments for the Clean Vehicle Credit

IR-2023-202, Nov. 1, 2023 — The Internal Revenue Service announced today that sellers of clean vehicles can now register using the new IRS Energy Credits Online tool, available free from the IRS.

News release and fact sheet archive

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