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WASHINGTON, D.C. — The United States Department of Treasury, in collaboration with the Internal Revenue Service (IRS) and the Department of Energy (DOE), recently revealed a substantial influx of proposals …
Discover the $40 Billion Energy Tax Credit Proposal Revolutionizing Clean Energy! Read More
WASHINGTON, D.C. — The Internal Revenue Service (IRS) has reiterated a crucial opportunity for employers to support their employees’ financial well-being through educational assistance programs. These programs, traditionally utilized for …
Unlock Hidden Benefits: How IRS Educational Programs Can Slash Your Student Loan Debt! Read More
WASHINGTON, D.C. — As summer comes to a close, the Internal Revenue Service (IRS) is urging taxpayers to reassess their tax withholding and payment strategies. This proactive step aims to …
Don’t Get Caught Off Guard: IRS Warns Taxpayers to Act Now or Face Big Surprises! Read More
WASHINGTON, D.C. — The Internal Revenue Service (IRS) has confirmed that interest rates will remain unchanged for the calendar quarter commencing on October 1, 2024. For individual taxpayers, both overpayments and …
IRS Maintains Interest Rates for Upcoming Quarter Read More
WASHINGTON, D.C. — As the new academic year approaches, the Internal Revenue Service (IRS) has issued a reminder to educators about the $300 deduction available for classroom expenses in 2024. This …
IRS Reminds Teachers of Deduction for Classroom Expenses in 2024 Read More
WASHINGTON, D.C. — The Internal Revenue Service (IRS) has released interim guidance under Notice 2024-63, offering clarity for retirement plan sponsors on matching contributions tied to student loan payments. This new …
IRS Issues Interim Guidance on Student Loan-Based Retirement Contributions Read More
WASHINGTON, D.C. — The Internal Revenue Service (IRS) has issued a timely reminder to taxpayers about the potential tax benefits associated with summer day camp expenses. These expenses may qualify for …
IRS Highlights Tax Credit for Summer Day Camp Expenses Read More WASHINGTON, D.C. — The Internal Revenue Service (IRS) has unveiled an early draft of the updated Form 1099-DA. This form is designated for brokers to report sale and exchange transactions …
IRS Releases Draft Form 1099-DA for Digital Asset Transactions Read More WASHINGTON, D.C. — The Internal Revenue Service (IRS) has announced new initiatives to aid small businesses and curb improper payments within the Employee Retention Credit (ERC) program. This comes amidst …
IRS Enhances Measures to Address Improper Employee Retention Credit Claims Read More
WASHINGTON, D.C. — The Internal Revenue Service (IRS) is reminding tax professionals that multi-factor authentication (MFA) is now not only a crucial safeguard for their business and clients but also …
IRS Mandates Multi-Factor Authentication for Tax Professionals Read More