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Small business and self-employed tax centerResources for taxpayers who file Form 1040, Schedules C, E, F or Form 2106, as well as small businesses with assets under $10 million.
Found 1438 Matching Items; Displaying 1351 - 1360.
Issue snapshot - Treatment of 415(c) dollar limitations in a short limitation year
This snapshot discusses how to adjust the IRC Section 415(c) defined contribution dollar limitation for a short limitation year, resulting from, for example, an initial, amended or terminating plan year.
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SARSEP fix-it guide - You haven’t updated your SARSEP plan document for current law
SARSEP Fix-It Guide - You haven’t updated your SARSEP plan document for current law
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Administrators
Issue snapshot - 401(k) plan catch-up contribution eligibility
Who is eligible to make a catch-up contribution to a 401(k) plan pursuant to IRC Section 414(v).
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Administrators
Work Opportunity Tax Credit
The Work Opportunity Tax Credit (WOTC) is available to employers for hiring individuals from certain targeted groups who have faced barriers to employment.
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Small Businesses
Misleading social media advice leads to false claims for Fuel Tax Credit, Sick and Family Leave Credit, household employment taxes; FAQs help address common questions, next steps for those receiving IRS letters
FS-2024-24, July 2024 — The Internal Revenue Service issued alert IR-2024-139 about a series of scams and inaccurate social media advice. Social media schemes led to thousands of inflated refund claims during the past tax season. The IRS has increased its compliance efforts related to false and/or questionable credits.
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Individuals
Issue snapshot – Third party loans from plans
A qualified plan may invest in loans to third parties. In this context, a third party loan is any loan other than a loan to a plan participant.
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Modernizing tax processing systems
Get a closer look at how the IRS Information Technology team is working to maintain, secure and modernize the systems and applications that make it possible for taxpayers and working families to get the services they need.
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Federal, Individuals
Federal indictment alleges alliance between Sinaloa Cartel and money launderers linked to Chinese underground banking
June 18, 2024 — The Justice Department today announced a 10-count superseding indictment charging Los Angeles-based associates of Mexico’s Sinaloa drug cartel with conspiring with money-laundering groups linked to Chinese underground banking to launder drug trafficking proceeds. During the conspiracy, more than $50 million in drug proceeds flowed between the Sinaloa Cartel associates and Chinese underground money exchanges.
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News Media
SOI Tax Stats - Research papers alphabetized by author
Links to research papers alphabetized by Author
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Tax Professionals