Treasury, IRS request public comments on product identification number requirement to claim the Energy Efficient Home Improvement Credit IR-2023-253, Dec. 29, 2023 — The Department of the Treasury and the Internal Revenue Service issued Notice 2024-13 announcing that the IRS intends to propose regulations to implement the product identification number (PIN) requirement with respect to the energy efficient home improvement credit. Treasury, IRS provide guidance for certain clean energy producers related to domestic content; request additional comments for upcoming regulations IR-2023-252, Dec. 28, 2023 — The Department of the Treasury and the Internal Revenue Service today issued Notice 2024-9 that provides procedures for applicable entities to claim the statutory exception to the application of the phaseouts for elective payment projects that begin construction during calendar year 2024 that fail to satisfy the domestic content requirement. IRS updates frequently asked questions for the New, Previously-Owned and Qualified Commercial Clean Vehicle Credit IR-2023-251, Dec. 26, 2023 — The Internal Revenue Service today updated frequently asked questions in Fact Sheet 2023-29 to provide guidance related to the critical mineral and battery component requirements. IRS: Tennessee taxpayers impacted by storms and tornadoes qualify for tax relief; various deadlines postponed to June 17 IR-2023-250, Dec. 22, 2023 — The Internal Revenue Service today provided tax relief for individuals and businesses in parts of Tennessee affected by severe storms and tornadoes that began on Dec. 9. IRS opens free IRA and CHIPS Pre-filing Registration Tool for organizations to register to monetize clean energy credits IR-2023-249, Dec. 22, 2023 — The Internal Revenue Service announced today that qualifying businesses, tax-exempt organizations or entities such as state, local and Indian tribal governments can register using the new IRA/CHIPS Pre-filing Registration Tool, available free from the IRS so they can take advantage of the elective payment or transfer of credits. Treasury, IRS issue guidance on the tax credit for the production of clean hydrogen IR-2023-248, Dec. 22, 2023 — The Treasury Department and Internal Revenue Service today issued proposed regulations for the tax credit for the production of clean hydrogen. IRS: New Voluntary Disclosure Program lets employers who received questionable Employee Retention Credits pay them back at discounted rate; interested taxpayers must apply by March 22 IR-2023-247, Dec. 21, 2023 — As part of an ongoing initiative aimed at combating dubious Employee Retention Credit (ERC) claims, the Internal Revenue Service today launched a new Voluntary Disclosure Program to help businesses who want to pay back the money they received after filing ERC claims in error. IRS reminds those aged 73 and older to make required withdrawals from IRAs and retirement plans by Dec. 31; notes changes in the law for 2023 IR-2023-246, Dec. 20, 2023 — The Internal Revenue Service today reminded people born before 1951 of the year-end deadlines to take required minimum distributions (RMDs) from funds held in individual retirement arrangements (IRAs) and other retirement plans, and noted new requirements under the law beginning in 2023. IRS issues guidance on the incremental cost for the Commercial Clean Vehicle Credit IR-2023-245, Dec. 20, 2023 — The Treasury Department and Internal Revenue Service today issued Notice 2024-05 regarding the commercial clean vehicle credit for commercial vehicles placed in service in 2024. IRS helps taxpayers by providing penalty relief on nearly 5 million 2020 and 2021 tax returns; restart of collection notices in 2024 marks end of pandemic-related pause IR-2023-244, Dec. 19, 2023 — In a major step to help people who owe back taxes, the Internal Revenue Service today announced new penalty relief for approximately 4.7 million individuals, businesses and tax-exempt organizations that were not sent automated collection reminder notices during the pandemic. Transformation work continues: IRS expands business tax account access to S corporations, partnerships; adds ability to view business tax transcripts IR-2023-243, Dec. 18, 2023 — As part of continuing transformation work, the Internal Revenue Service today announced the launch of the second phase of a new online self-service tool for businesses that expands the business tax account capabilities and eligible entity types. IRS reminds taxpayers, Jan. 16 due date for final 2023 quarterly estimated tax payments IR-2023-242, Dec. 15, 2023 — The Internal Revenue Service today reminded taxpayers who didn’t pay enough tax in 2023 to make a fourth quarter tax payment on or before Jan. 16 to avoid a possible penalty or tax bill when filing in 2024. IRS clarifies rules for corporate alternative minimum tax IR-2023-241, Dec. 15, 2023 — The Department of Treasury and the Internal Revenue Service today issued Notice 2024-10 to provide additional interim guidance on the new corporate alternative minimum tax. Treasury, IRS issue guidance on Sustainable Aviation Fuel Credit IR-2023-240, Dec. 15, 2023 — The Treasury Department and Internal Revenue Service today issued Notice 2024-06 for the new Sustainable Aviation Fuel (SAF) credit created by the Inflation Reduction Act of 2022. IRS issues standard mileage rates for 2024; mileage rate increases to 67 cents a mile, up 1.5 cents from 2023 IR-2023-239, Dec. 14, 2023 — The Internal Revenue Service today issued the 2024 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Treasury, IRS issue guidance for the advanced manufacturing production credit IR-2023-238, Dec. 14, 2023 — The Department of the Treasury and the Internal Revenue Service today issued proposed regulations to provide guidance for the advanced manufacturing production credit established by the Inflation Reduction Act (IRA). IRS announces plans for new leadership structure; adjustments align with new priorities, agency transformation work IR-2023-237, Dec. 13, 2023 — Internal Revenue Service Commissioner Danny Werfel today announced plans for a new leadership structure at the agency, a step designed to reflect new transformation goals and update the top of the organization chart for the first time in two decades. IRS: Free Dec. 14 webinar to focus on tax year 2023 Form 1099-K reporting rules; designed to help reporting income through payment apps and online marketplaces IR-2023-236, Dec. 12, 2023 — The Internal Revenue Service will hold a free webinar, designed primarily for tax professionals whose clients receive income typically reported to them on Form 1099-K, including those who often use popular payment apps and online marketplaces. Get ready to file in 2024: What’s new and what to consider IR-2023-235, Dec. 11, 2023 — The Internal Revenue Service today urged taxpayers to take important actions now to help them file their 2023 federal income tax return next year. IRS: 2024 Flexible Spending Arrangement contribution limit rises by $150 IR-2023-234, Dec. 8, 2023 — During open enrollment season for Flexible Spending Arrangements (FSAs), the Internal Revenue Service reminds taxpayers that they may be eligible to use tax-free dollars to pay medical expenses not covered by other health plans through their FSA. IRS Independent Office of Appeals releases fiscal year 2024 priorities; focus on improving taxpayer service IR-2023-233, Dec. 8, 2023 — The Internal Revenue Service’s Independent Office of Appeals today released its Focus Guide for fiscal year 2024. IRS honored with the Association for Federal Enterprise Risk Management’s Luminary Award IR-2023-232, Dec. 8, 2023 — The Internal Revenue Service recently received the prestigious Enterprise Risk Management Luminary Award at the Annual ERM Summit. IRS requests applications for 2024 ETAAC membership IR-2023-231, Dec. 7, 2023 — The Internal Revenue Service is accepting applicants for nomination to the Electronic Tax Administration Advisory Committee (ETAAC) through Jan. 31, 2024. IRS expands work on aggressive Employee Retention Credit claims; 20,000 disallowance letters being mailed, more action and voluntary disclosure program coming IR-2023-230, Dec. 6, 2023 — As part of continuing efforts to combat dubious Employee Retention Credit (ERC) claims, the Internal Revenue Service is sending an initial round of more than 20,000 letters to taxpayers notifying them of disallowed ERC claims. National Tax Security Awareness Week, Day 5: As tax season approaches, IRS, Security Summit partners warn taxpayers, tax professionals to watch out for emerging scams by email, text, phone IR-2023-229, Dec. 1, 2023 — To wrap up National Tax Security Awareness Week, the Internal Revenue Service and the Security Summit partners today reminded taxpayers and tax professionals to stay alert against emerging scams during the upcoming filing season and throughout the year. Treasury, IRS provide guidance for those who manufacture new clean vehicles IR-2023-228, Dec. 1, 2023 — The Department of the Treasury and the Internal Revenue Service today issued two items of guidance on the excluded entity restriction of the section 30D clean vehicle credit, as amended by the Inflation Reduction Act. News release and fact sheet archive Find previous year news releases and fact sheets from 1997 through last month.
