Found 28 Matching Items; Displaying 1 - 10.
IRS issues standard mileage rates for 2022
IR-2021-251, December 17, 2021 — The Internal Revenue Service today issued the 2022 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
News
IRS issues standard mileage rates for 2023; business use increases 3 cents per mile
IR-2022-234, December 29, 2022 — The Internal Revenue Service today issued the 2023 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
News
News Media
Energy efficient commercial buildings deduction
Building owners who increase energy efficiency in building systems by at least 25% may be able to claim a tax deduction.
General Information
IRS provides tax inflation adjustments for tax year 2023
IR-2022-182, October 18, 2022 — The Internal Revenue Service today announced the tax year 2023 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes. Revenue Procedure 2022-38 provides details about these annual adjustments.
News
News Media, Tax Professionals, Individuals, Businesses
IRS joins leading nonprofit groups to highlight special charitable tax benefit available through Dec. 31
IR-2021-247, December 13, 2021 — The Internal Revenue Service joined today with several leading nonprofit groups to highlight a special tax provision that allows more people to deduct donations to qualifying charities on their 2021 federal income tax return.
News
News Media, Individuals
Tax Cuts and Jobs Act: A comparison for large businesses and international taxpayers
The Tax Cuts and Jobs Act ("TCJA") made significant changes that affect international and domestic businesses, such as deductions, depreciation, expensing, tax credits and other tax items. This side-by-side comparison can help taxpayers understand the changes and plan accordingly.
News
The Truth About Frivolous Arguments — Section I (A to C)
"The Truth About Frivolous Tax Arguments" addresses frivolous tax arguments in general. This document was updated March 2022.
General Information
The Truth About Frivolous Tax Arguments — Section I (D to E)
"The Truth About Frivolous Tax Arguments" addresses frivolous tax arguments in general. This document was updated March 2022
Legal Guidance (Authoritative)
Written Testimony of Charles P. Rettig, Commissioner, Internal Revenue Service, before the House Oversight Committee and Reform Committee Subcommittee on Government Operations on the Filing Season and IRS Operations
April 21, 2022 — The Commissioner speaks before the House Oversight Committee and Reform Committee Subcommittee on Government Operations on the Filing Season and IRS Operations.
About IRS
Written Testimony of Charles P. Rettig Commissioner Internal Revenue Service Before the House Appropriations Committee Subcommittee on Financial Services and General Government on the Filing Season and the IRS Budget
May 18, 2022 — The Commissioner speaks before the House Appropriations Committee Subcommittee on Financial Services and General Government on the Filing Season and the IRS Budget.
General Information