IRS launches new effort aimed at high-income non-filers; 125,000 cases focused on high earners, including millionaires, who failed to file tax returns with financial activity topping $100 billion IR-2024-56, Feb. 29, 2024 — In the continuing effort to improve tax compliance and ensure fairness, the Internal Revenue Service announced a new effort today focused on high-income taxpayers who have failed to file federal income tax returns in more than 125,000 instances since 2017. IRS: Spokane area taxpayers impacted by wildfires qualify for tax relief; various deadlines postponed to June 17 IR-2024-55, Feb. 28, 2024 — The Internal Revenue Service announced today tax relief for individuals and businesses in parts of Washington state affected by wildfires that began on Aug. 18, 2023. IRS: How to correct an electronically filed return rejected for a missing Form 8962 IR-2024-54, Feb. 28, 2024 — The Internal Revenue Service reminds taxpayers that an electronically filed tax return will be rejected if the taxpayer is required to reconcile advance payments of the premium tax credit (APTC) on Form 8962, Premium Tax Credit (PTC), but does not complete the form in the software and submit it with their tax return. Tax Time Guide: IRS enhances Where’s My Refund? tool for 2024 filing season IR-2024-53, Feb. 28, 2024 — With millions of tax refunds going out each week, the Internal Revenue Service reminded taxpayers today that recent improvements to Where's My Refund? on IRS.gov provide more information and remains the best way to check the status of a refund. IRS adds two key experts to focus on cryptocurrency, other digital assets IR-2024-52, Feb. 27, 2024 — The Internal Revenue Service today announced the addition of two private-sector experts to help the agency’s efforts in the cryptocurrency and other digital assets arena. IRS: San Diego area taxpayers impacted by severe storms, flooding qualify for tax relief; various deadlines postponed to June 17 IR-2024-51, Feb. 27, 2024 — The Internal Revenue Service announced today tax relief for individuals and businesses in parts of California affected by severe storms and flooding that began on Jan. 21. Low Income Taxpayer Clinic is now taking applications for supplemental grants IR-2024-50, Feb. 26, 2024 — The Internal Revenue Service today announced it will accept supplemental applications from all qualified organizations for Low Income Taxpayer Clinic (LITC) matching grants from Feb. 26 to April 10. Treasury, IRS issue frequently asked questions related to the United States Department of Agriculture’s Discrimination Financial Assistance Program IR-2024-49, Feb. 23, 2024 — The Internal Revenue Service today issued frequently asked questions (FAQs) in Fact Sheet 2024-05 related to the United States Department of Agriculture’s (USDA) Discrimination Financial Assistance Program. Taxpayer Advocacy Panel seeks civic-minded volunteers to apply for the 2025 member year IR-2024-48, Feb. 22, 2024 — The Internal Revenue Service today announced vacancies in 29 states and territories for the volunteer-led Taxpayer Advocacy Panel (TAP). Interest rates remain the same for the second quarter of 2024 IR-2024-47, Feb. 21, 2024 — The Internal Revenue Service today announced interest rates will remain the same for the calendar quarter beginning April 1, 2024. IRS begins audits of corporate jet usage; part of larger effort to ensure high-income groups don’t fly under the radar on tax responsibilities IR-2024-46, Feb. 21, 2024 — Using Inflation Reduction Act funding and as part of ongoing efforts to improve tax compliance in high-income categories, the Internal Revenue Service announced today plans to begin dozens of audits on business aircraft involving personal use. Tax Time Guide 2024: What to know before completing a tax return IR-2024-45, Feb. 21, 2024 — During the busiest time of the tax filing season, the Internal Revenue Service kicked off its 2024 Tax Time Guide series to help remind taxpayers of key items they’ll need to file a 2023 tax return. IRS: Free Feb. 22 webinar to focus on taxable transactions with digital assets IR-2024-44, Feb. 20, 2024 — The Internal Revenue Service announced today that it will hold a free webinar Thursday aimed at tax professionals whose clients receive income through digital asset transactions. IRS: Many farmers and fishers face March 1 tax deadline IR-2024-43, Feb. 20, 2024 — The Internal Revenue Service today reminded farmers and fishers who chose to forgo making estimated tax payments by January that they must generally file their 2023 federal income tax return and pay all taxes due by Friday, March 1, 2024. IRS: Michigan taxpayers impacted by severe storms, tornadoes and flooding qualify for tax relief; various deadlines postponed to June 17 IR-2024-42, Feb. 15, 2024 — The Internal Revenue Service today announced tax relief for individuals and businesses in parts of Michigan affected by severe storms, tornadoes and flooding that began on Aug. 24, 2023. IRS announces special Saturday hours for face-to-face help; more than 50 Taxpayer Assistance Centers open across the nation IR-2024-41, Feb. 14, 2024 — As part of a continuing effort to improve service this tax season, the Internal Revenue Service today announced special Saturday hours for the next four months at specific Taxpayer Assistance Centers (TACs) across the country. Presidents Day period marks peak time for IRS phone lines; first try IRS online tools and resources for help IR-2024-40, Feb. 14, 2024 — With the 2024 filing season in full swing, the Internal Revenue Service encourages taxpayers to visit IRS.gov and use online tools to get answers quickly and avoid phone delays during the anticipated peak demand for IRS phone lines around the Presidents Day holiday. IRS shares 7 warning signs Employee Retention Credit claims may be incorrect; urges businesses to revisit eligibility, resolve issues now before March 22 IR-2024-39, Feb. 13, 2024 — With a key March deadline quickly approaching, the Internal Revenue Service today highlighted special warning signs that an Employee Retention Credit claim may be questionable to help small businesses that may need to resolve incorrect claims. IRS crime-fighting boss announces retirement IR-2024-38, Feb. 12, 2024 — Internal Revenue Service Criminal Investigation (CI) announced Friday that Chief Jim Lee will retire from federal service, effective April 6. Treasury, IRS update frequently asked questions for the Premium Tax Credit IR-2024-37, Feb 9, 2024 — The Internal Revenue Service today updated its frequently asked questions (FAQs) for the Premium Tax Credit. IRS warns tax professionals to be aware of EFIN scam email; special webinars offered next week IR-2024-36, Feb. 8, 2024 — The Internal Revenue Service and Security Summit partners today alerted tax professionals of a scam email impersonating various software companies in an attempt to steal Electronic Filing Identification Numbers (EFINs). IRS: West Virginia taxpayers impacted by severe storms, flooding, landslides and mudslides qualify for tax relief; various deadlines postponed to June 17 IR-2024-35, Feb. 7, 2024 — The Internal Revenue Service today announced tax relief for individuals and businesses in parts of West Virginia affected by severe storms, flooding, landslides and mudslides that began on Aug. 28, 2023. IRS Employer-Provided Childcare Tax Credit page helps employers determine eligibility for up to $150,000 business tax credit IR-2024-34, Feb. 7, 2024 — The Internal Revenue Service announced the launch of a new page on IRS.gov explaining the Employer-Provided Childcare Tax Credit, an incentive for businesses to provide child care services to their employees. IRS revises and updates frequently asked questions about Form 1099-K IR-2024-33, Feb. 6, 2024 — In an effort to provide more resources for taxpayers during this filing season, the Internal Revenue Service today revised frequently asked questions for Form 1099-K, Payment Card and Third Party Network Transactions, in Fact Sheet FS-2024-03. IRS: Maine taxpayers impacted by severe storms and flooding qualify for tax relief; various deadlines postponed to June 17 IR-2024-32, Feb. 5, 2024 — The Internal Revenue Service announced today tax relief for individuals and businesses in parts of Maine affected by severe storms and flooding that began on Dec. 17, 2023. IRS: Take care when choosing a tax return professional IR-2024-31, Feb. 01, 2024 — The Internal Revenue Service reminded taxpayers that carefully choosing a tax professional to prepare a tax return is vital to ensuring that their personal and financial information is safe and secure and treated with care. News release and fact sheet archive Find previous year news releases and fact sheets from 1997 through last month.
