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

Published on June 26, 2024 - 15:53 GMT

National Taxpayer Advocate issues mid-year report to Congress; highlights filing season challenges and focuses on strategic ...

IR-2024-173, June 26, 2024 WASHINGTON — National Taxpayer Advocate Erin M. Collins today released her statutorily mandated mid-year report to Congress. The report says the tax-return filing season generally ran smoothly this year, but it identifies delays …

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Published on June 25, 2024 - 21:28 GMT

IRS statement as part of the resolution of Kenneth C. Griffin v. IRS, Case No. 22-cv-24023 (S.D. Fla.)

IR-2024-172, June 25, 2024 WASHINGTON — The Internal Revenue Service sincerely apologizes to Mr. Kenneth Griffin and the thousands of other Americans whose personal information was leaked to the press. Charles Littlejohn was a government contractor …

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Published on June 21, 2024 - 17:25 GMT

IRS releases revised draft Form 6765, Credit for Increasing Research Activities, following public comment

IR-2024-171, June 21, 2024 WASHINGTON — The Internal Revenue Service today announced the release of draft Form 6765, Credit for Increasing Research ActivitiesPDF, also known as the Research Credit. The IRS received helpful comments from various external …

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Published on June 20, 2024 - 23:27 GMT

IRS enters next stage of Employee Retention Credit work; review indicates vast majority show risk of being improper

IR-2024-169, June 20, 2024 WASHINGTON — Following a detailed review to protect taxpayers and small businesses, the Internal Revenue Service today announced plans to deny tens of thousands of improper high-risk Employee Retention Credit claims while …

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Published on June 20, 2024 - 23:27 GMT

Retirement plan distributions: IRS provides guidance on certain exceptions from 10% additional tax for emergency personal or ...

IR-2024-170, June 20, 2024 WASHINGTON – The Internal Revenue Service today issued Notice 2024-55PDF, which provides guidance on exceptions to the additional tax when taking early permissible retirement plan distributions for emergency personal expenses and …

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Published on June 18, 2024 - 16:20 GMT

Treasury, IRS release guidance on the prevailing wage and apprenticeship requirements for increased credit and deduction amounts ...

IR-2024-168, June 18, 2024 WASHINGTON — The Department of the Treasury and the Internal Revenue Service issued final regulations today on the prevailing wage and apprenticeship (PWA) requirements related to increased credit or deduction amounts for certain …

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Published on June 17, 2024 - 23:28 GMT

Treasury, IRS issue frequently asked questions regarding educational assistance programs

IR-2024-167, June 17, 2024 WASHINGTON — The Internal Revenue Service today issued frequently asked questions (FAQs) in FS-2024-22 related to educational assistance programs. Taxpayers may exclude certain educational assistance benefits from their gross …

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Published on June 17, 2024 - 17:31 GMT

IRS announces new steps to combat abusive use of partnerships; agency’s focus intensifies as new guidance closes loopholes worth ...

IR-2024-166, June 17, 2024 WASHINGTON — As part of ongoing efforts to focus more attention on high-income compliance issues, the Internal Revenue Service announced today a new series of steps to combat abusive partnership transactions that allow wealthy …

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Published on June 14, 2024 - 01:52 GMT

IRS updated careers website aims to better connect with job seekers; part of larger agency recruiting efforts to serve taxpayers, ...

IR-2024-165, June 13, 2024 WASHINGTON — The Internal Revenue Service today announced the updated IRS Careers website is live and ready to connect job seekers with IRS opportunities. As part of an ongoing hiring campaign enabled by Inflation Reduction Act …

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Published on June 13, 2024 - 03:09 GMT

2024 IRS Nationwide Tax Forum: Educational seminars, special events announced focusing on tax security, scams, practice management ...

Early bird registration rate expires June 17 IR-2024-163, June 12, 2024 WASHINGTON — The Internal Revenue Service today announced the continuing education agenda for the 2024 Nationwide Tax Forum featuring 45 seminars on a wide array of topics that will …

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Published on June 13, 2024 - 03:09 GMT

IRS warns against scams targeting seniors; joins other federal agencies to recognize special awareness day

IR-2024-164, June 12, 2024 WASHINGTON — As part of continuing efforts to protect the senior community, the Internal Revenue Service today issued a warning about the rising threat of impersonation scams. These scams are targeting older adults by pretending …

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Published on June 10, 2024 - 20:37 GMT

IRS has options to help people who missed the April filing deadline

IR-2024-162, June 10, 2024 WASHINGTON — The Internal Revenue Service today highlighted a number of options available to help taxpayers who missed the April deadline to file their 2023 federal income tax return. To help struggling taxpayers, the IRS has …

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Published on June 10, 2024 - 19:23 GMT

IRS reminder: June 17 estimated tax payment deadline fast approaching

IR-2024-161, June 10, 2024 WASHINGTON — The Internal Revenue Service today reminded taxpayers whose income is not subject to withholding that the second quarter estimated tax payment deadline is June 17. Taxpayers making estimated tax payments should …

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Published on June 7, 2024 - 23:49 GMT

Treasury, IRS update procedures for qualified manufacturers, dealers and sellers of certain qualified clean vehicles under the ...

IR-2024-158, June 7, 2024 WASHINGTON — The Department of the Treasury and Internal Revenue Service issued Revenue Procedure 2024-26PDF today for the submission of information by qualified manufacturers of new clean vehicles and dealers and sellers of new …

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Published on June 7, 2024 - 23:49 GMT

IRS: Kentucky storm victims qualify for tax relief; various deadlines postponed to Nov. 1

IR-2024-159, June 07, 2024 WASHINGTON — The Internal Revenue Service announced today tax relief for individuals and businesses in parts of Kentucky affected by severe storms, straight-line winds, tornadoes, landslides and mudslides that began on April 2, …

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Published on June 7, 2024 - 23:49 GMT

IRS: West Virginia storm victims qualify for tax relief; various deadlines postponed to Nov. 1

IR-2024-160, June 7, 2024 WASHINGTON — The Internal Revenue Service announced today tax relief for individuals and businesses in parts of West Virginia affected by severe storms, straight-line winds, tornadoes, flooding, landslides and mudslides that began …

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Published on June 7, 2024 - 17:49 GMT

Treasury, IRS release guidance for the Energy Community Bonus Credit under the Inflation Reduction Act

IR-2024-157, June 7, 2024 WASHINGTON — The Department of the Treasury and Internal Revenue Service today issued Notice 2024-48PDF that publishes information taxpayers may use to determine whether they meet certain requirements under the Statistical Area …

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Published on June 6, 2024 - 00:22 GMT

IRS: Many payments to individuals affected by East Palestine train disaster are tax-free; new guidance could help those in Ohio, ...

IR-2024-156, June 05, 2024 WASHINGTON — The Internal Revenue Service announced today that in many cases payments received by individuals affected by last year’s train derailment in East Palestine, Ohio, are not taxable. In Notice 2024-46PDF, posted today …

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Published on June 5, 2024 - 18:26 GMT

Document Upload Tool reaches key milestone; 1 million submissions received

IR-2024-155, June 5, 2024 WASHINGTON — The Internal Revenue Service announced today reaching another key milestone in the agency’s transformation work with the Document Upload Tool accepting its one millionth taxpayer submission. Use of the Document Upload …

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Published on May 31, 2024 - 17:21 GMT

Treasury, IRS issue guidance on Clean Fuel Production Credit

IR-2024-153, May 31, 2024 WASHINGTON — The Treasury Department and Internal Revenue Service (IRS) today issued Notice 2024-49PDF for the Clean Fuel Production Credit. The Inflation Reduction Act allows a credit for the production of clean transportation …

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