Internal Revenue Service Press Releases - EIN Presswire - Press Release Distribution Service

Published on May 1, 2024 - 18:55 GMT

National Small Business Week: IRS warns entrepreneurs to take precautions on data security; protect their businesses, employees, ...

IR-2024-128, May 1, 2024 WASHINGTON — As National Small Business Week continues, the Internal Revenue Service urges entrepreneurs to put in place data security safeguards protecting their financial, personal and employee information from scams and …

Distribution channels: Business & Economy

Published on May 1, 2024 - 18:55 GMT

IRS recommends safeguarding information in case of natural disasters

IR-2024-129, May 1, 2024 WASHINGTON — The Internal Revenue Service reminds taxpayers that May kicks off the season of disaster preparation with National Wildfire Awareness Month and National Hurricane Preparedness Week, May 5-11. With the tax deadline past …

Distribution channels: Business & Economy

Published on May 1, 2024 - 01:41 GMT

Treasury, IRS issue additional guidance and safe harbors for taxpayers to comply with the requirements of the Sustainable Aviation ...

IR-2024-127, April 30, 2024 WASHINGTON — The Department of Treasury and the Internal Revenue Service today issued Notice 2024-37PDF for the new Sustainable Aviation Fuel (SAF) Credit created by the Inflation Reduction Act of 2022 (IRA). The Treasury …

Distribution channels: Business & Economy

Published on April 30, 2024 - 15:16 GMT

IRS seeking applications for Tax Counseling for the Elderly and Volunteer Income Tax Assistance Program grants

IR-2024-126, April 30, 2024 WASHINGTON — The Internal Revenue Service is accepting applications for the Tax Counseling for the Elderly (TCE) and Volunteer Income Tax Assistance (VITA) grants, which allows eligible organizations to apply for annual funding …

Distribution channels: Business & Economy

Published on April 29, 2024 - 19:17 GMT

National Small Business Week: IRS.gov offers one-stop shop for small business tax resources

IR-2024-125, April 29, 2024 WASHINGTON — The Internal Revenue Service today urged small businesses to take advantage of the many tax resources available through the Small Business and Self-Employed Tax Center on IRS.gov. As part of National Small Business …

Distribution channels: Business & Economy

Published on April 29, 2024 - 13:29 GMT

IRS provides guidance for the 2024 allocation round for the Qualifying Advanced Energy Project Credit Program

IR-2024-124, April 29, 2024 WASHINGTON — The Department of Treasury and the Internal Revenue Service today issued Notice 2024-36PDF for owners of clean energy manufacturing and recycling projects, greenhouse gas emission reduction projects and critical …

Distribution channels: Business & Economy

Published on April 26, 2024 - 21:01 GMT

Direct File pilot officially closes after more than 140,000 taxpayers successfully use direct e-filing system in 12 states, ...

IR-2024-122, April 26, 2024 WASHINGTON — The Internal Revenue Service announced the closure of the Direct File pilot with several hundred thousand taxpayers across 12 states signing up for Direct File accounts, and 140,803 taxpayers filing their federal …

Distribution channels: Business & Economy

Published on April 26, 2024 - 21:01 GMT

National Small Business Week 2024 begins; IRS offers tax resources, information to nation's entrepreneurs

IR-2024-123, April 26, 2024 WASHINGTON — The Internal Revenue Service today offered helpful information to entrepreneurs in anticipation of the upcoming kick-off of National Small Business Week, celebrating and recognizing the crucial contributions America …

Distribution channels: Business & Economy

Published on April 26, 2024 - 15:04 GMT

Small Business Week

Fraudsters use regular mail, telephone and email to scam individuals, businesses, payroll and tax professionals. Businesses should watch out for tax-related scams and implement safeguards. Know your risks and the warning signs to better protect your …

Distribution channels: Business & Economy

Published on April 25, 2024 - 21:20 GMT

Inflation Reduction Act implementation teams focus on enhanced taxpayer service with modern online tools and historic office hour ...

IR-2024-121, April 25, 2024 WASHINGTON — With the funding from the Inflation Reduction Act (IRA), the Internal Revenue Service continues to help taxpayers in unique ways to take advantage of clean energy credits. The IRA, with its associated funding, gave …

Distribution channels: Business & Economy

Published on April 25, 2024 - 14:10 GMT

IRS releases final guidance on transfers of certain credits under the Inflation Reduction Act

IR-2024-120, April 25, 2024 WASHINGTON — The Department of Treasury and Internal Revenue Service issued final regulations today describing rules and definitions for the transfer of eligible credits in a taxable year, including specific rules for …

Distribution channels: Business & Economy

Published on April 24, 2024 - 20:53 GMT

IRS Independent Office of Appeals forms Alternative Dispute Resolution Program Management Office

IR-2024-119, April 24, 2024 WASHINGTON — The Internal Revenue Service Independent Office of Appeals today announced the formation of a new Alternative Dispute Resolution Program Management Office. This office will collaborate with the IRS Business …

Distribution channels: Business & Economy

Published on April 23, 2024 - 22:38 GMT

2025 Low Income Taxpayer Clinic grant application period now open

IR-2024-118, April 23, 2024 WASHINGTON — The Internal Revenue Service today announced it will accept applications for Low Income Taxpayer Clinic matching grants from all qualified organizations. The application period runs from April 22, 2024, to June 12, …

Distribution channels: Business & Economy

Published on April 22, 2024 - 21:58 GMT

Tax pros: Register now for the 2024 IRS Nationwide Tax Forum

IR-2024-117, April 22, 2024 WASHINGTON — The IRS encourages tax professionals to register now for the 2024 IRS Nationwide Tax Forum, coming this summer to Chicago, Orlando, Baltimore, Dallas and San Diego. The Nationwide Tax Forum is the IRS’s largest …

Distribution channels: Business & Economy

Published on April 19, 2024 - 22:29 GMT

Missed the April tax-filing deadline? File quickly to avoid penalties and interest; those owed a refund also shouldn’t forget to ...

IR-2024-116, April 19, 2024 WASHINGTON — The Internal Revenue Service today encouraged taxpayers who missed the April tax-filing deadline to file a tax return as soon as they can. The IRS offers different resources to help those who may be unable to pay …

Distribution channels: Business & Economy

Published on April 18, 2024 - 19:35 GMT

IRS seeks membership nominations for the 2025 Internal Revenue Service Advisory Council; establishes new Subcommittee on Fairness ...

IR-2024-114, April 18, 2024 WASHINGTON — The Internal Revenue Service is accepting applications for the 2025 Internal Revenue Service Advisory Council (IRSAC) through May 31, 2024, including nominees for a new subcommittee focused on fairness issues. The …

Distribution channels: Business & Economy

Published on April 18, 2024 - 19:35 GMT

IRS releases 2023 Data Book describing agency’s transformation through statistics

IR-2024-115, April 18, 2024 WASHINGTON — The Internal Revenue Service today issued its annual Data Book detailing the agency’s activities during fiscal year 2023 (Oct. 1, 2022 – Sept. 30, 2023), including revenue collected and tax returns processed. For FY …

Distribution channels: Business & Economy

Published on April 17, 2024 - 19:53 GMT

Be ready for next year: IRS Tax Withholding Estimator helps ensure withholdings are correct for 2024

IR-2024-112, April 17, 2024 WASHINGTON – The IRS encourages taxpayers to use the IRS Tax Withholding Estimator to ensure they’re withholding the correct amount of tax from their pay in 2024. This digital tool provides workers, self-employed individuals and …

Distribution channels: Business & Economy

Published on April 17, 2024 - 19:53 GMT

IRS updates frequently asked questions for the energy efficient home improvement and residential clean energy property credits

IR-2024-113, April 17, 2024 WASHINGTON — The Internal Revenue Service today updated frequently asked questions in Fact Sheet 2024-15PDF to addresses the federal income tax treatment of amounts paid for the purchase of energy efficient property and …

Distribution channels: Business & Economy

Published on April 16, 2024 - 20:29 GMT

Treasury, IRS issue frequently asked questions related to the tax treatment of work-life referral services provided to employees

IR-2024-110, April 16, 2024 WASHINGTON — The Internal Revenue Service today issued frequently asked questions (FAQs) in Fact Sheet 2024-13 related to the tax treatment of work-life referral services provided to employees under an employer’s work-life …

Distribution channels: Business & Economy