IRS and Treasury issue guidance for solar and wind powered energy facilities in low-income communities under the Inflation Reduction Act IR-2024-86, March 29, 2024 — The Department of the Treasury and the Internal Revenue Service today issued Revenue Procedure 2024-19 to provide guidance for owners of certain solar or wind facilities built in connection with low-income communities. Dirty Dozen: Beware of aggressive promoters who dupe taxpayers into making questionable Employee Retention Credit claims; risks continue for small businesses, special withdrawal program remains available IR-2024-85, March 29, 2024 — As part of this year’s Dirty Dozen, the Internal Revenue Service continues to warn businesses and others to stay clear of unscrupulous and aggressive promoters of questionable claims for the Employee Retention Credit. IRS kicks off annual Dirty Dozen with warning about phishing and smishing scams IR-2024-84, March 28, 2024 — The Internal Revenue Service today kicked off the annual Dirty Dozen list with a warning for taxpayers to be aware of evolving phishing and smishing scams designed to steal sensitive taxpayer information. IRS Criminal Investigation releases updated COVID fraud statistics on 4th anniversary of CARES Act; nearly $9 billion investigated IR-2024-83, March 28, 2024 — Four years after the enactment of a key pandemic-era law, the Internal Revenue Service released updated numbers showing Criminal Investigation (CI) has investigated 1,644 tax and money laundering cases related to COVID fraud potentially totaling $8.9 billion, with well over half that amount coming from cases opened in the last year. IRS further extends tax relief for Hawaii wildfire victims; 2023 returns, payments, other deadlines postponed to Aug. 7 IR-2024-82, March 27, 2024 — The Internal Revenue Service today further postponed until Aug. 7, 2024, various tax-filing and tax-payment deadlines for individuals and businesses affected by the Aug. 8, 2023, wildfires in Hawaii. Previously, the deadline was Feb. 15, 2024. IRS announces tax relief for taxpayers impacted by severe storms, landslides and mudslides in Alaska; various deadlines postponed to July 15 IR-2024-81, March 25, 2024 — The Internal Revenue Service announced today tax relief for individuals and businesses in the Wrangell Cooperative Association of Alaska Tribal Nation that were affected by severe storms, landslides and mudslides that began on Nov. 20, 2023. Time running out to claim $1 billion in refunds for tax year 2020, taxpayers face May 17 deadline IR-2024-80, March 25, 2024 ― The Internal Revenue Service announced today that almost 940,000 people across the nation have unclaimed refunds for tax year 2020 but face a May 17 deadline to submit their tax returns. IRS reminder to U.S. taxpayers living, working abroad: File 2023 tax return by June 17; those impacted by terrorist attacks in Israel have until Oct. 7 IR-2024-79, March 22, 2024 — The Internal Revenue Service reminds taxpayers living and working outside the U.S. to file their 2023 federal income tax return by Monday, June 17, 2024. This deadline applies to both U.S. citizens and resident aliens abroad, including those with dual citizenship. IRS Employee Retention Credit compliance effort tops $1 billion threshold since fall; Voluntary Disclosure Program suspended after March 22, special withdrawal program remains open as audits, investigations intensify IR-2024-78, March 22, 2024 — The Internal Revenue Service announced today that compliance efforts around erroneous Employee Retention Credit (ERC) claims have topped more than $1 billion so far since last fall as work continues on a number of efforts to counter questionable claims pushed by aggressive marketing, including an aggressive push on claims made for 2021. IRS issues guidance for energy communities and the bonus credit program under the Inflation Reduction Act IR-2024-77, March 22, 2024 — The Internal Revenue Service today issued Notice 2024-30 that expands certain rules for determining what an energy community is for the production and investment tax credits. IRS: Free File provides quick, easy way to file an extension IR-2024-76, March 21, 2024 — As the end of tax season draws near, the Internal Revenue Service reminds taxpayers there’s an easy way to get a tax filing extension through the Free File program. Seven warning signs of incorrect Employee Retention Credit claims for businesses to review as key March 22 deadline approaches IR-2024-75, March 20, 2024 — To counter promoters that marketed misleading information about the Employee Retention Credit (ERC), the Internal Revenue Service urged businesses to review seven suspicious signs of a bad claim and see if the agency’s special programs can help them avoid future compliance issues. Avoid tax return mistakes, reduce processing delays and refund adjustments by following these guidelines IR-2024-74, March 18, 2024 — As the April 15 filing deadline approaches, the Internal Revenue Service issued a reminder to taxpayers on ways to prevent typical errors on their federal tax returns to help speed potential refunds. IRS provides more information in various languages; part of ongoing transformation effort to expand services to taxpayers IR-2024-73, March 15, 2024 — The Internal Revenue Service today reminded individuals and businesses that the agency continues to increase the amount of information available in multiple languages. March 22 deadline approaching to resolve incorrect Employee Retention Credit claims; IRS urges businesses to review questionable claims to avoid future compliance action IR-2024-72, March 15, 2024 — With a key March 22 deadline rapidly approaching, the Internal Revenue Service renewed calls for businesses to review the Employee Retention Credit guidelines to avoid future compliance action for improper claims. Tax Time Guide: Escape penalties and interest with electronic payment options on IRS.gov IR-2024-71, March 14, 2024 ― With the April 15 filing deadline approaching, the Internal Revenue Service encourages taxpayers who may find it difficult to gather the necessary documents they need to file or pay the taxes they owe to consider several options offered on IRS.gov to avoid late filing and interest penalties. Joint Board extends waiver of physical presence education requirement for enrolled actuaries IR-2024-70, March 13, 2024 — The Joint Board for the Enrollment of Actuaries is retroactively extending the temporary waiver of its physical presence requirement for continuing professional education (CPE) programs and is proposing regulations to eliminate this in-person requirement altogether. IRS names Guy Ficco new Criminal Investigation chief IR-2024-69, March 13, 2024 — The Internal Revenue Service announced today that Guy Ficco will become the new IRS Criminal Investigation chief effective on April 1. Direct File officially opens in 12 pilot states following positive early reviews; eligible taxpayers can file online directly with the IRS for free IR-2024-68, March 12, 2024 — The Internal Revenue Service announced today the full-scale launch of the innovative Direct File pilot and encouraged eligible taxpayers in 12 states to try the new service to file their tax returns online for free directly with the IRS. IRS granting dyed diesel penalty relief as a result of Texas wildfires IR-2024-67, March 7, 2024 — The Internal Revenue Service, in response to disruptions to the supply of fuel for diesel powered highway vehicles resulting from wildfires, will not impose a penalty when dyed diesel fuel with a sulfur content that does not exceed 15 parts-per-million is sold for use or used by diesel-powered vehicles on the highway in certain counties in Texas. IRS continues special Saturday hours on March 16 for face-to-face help at 70 Taxpayer Assistance Centers IR-2024-66, March 7, 2024 — The Internal Revenue Service will open 70 Taxpayer Assistance Centers (TACs) on Saturday, March 16, from 9 a.m. to 4 p.m., to provide in-person help across the nation. IRS alert: Beware of companies misrepresenting nutrition, wellness and general health expenses as medical care for FSAs, HSAs, HRAs and MSAs IR-2024-65, March 6, 2024 — Amid concerns about people being misled, the Internal Revenue Service today reminded taxpayers and heath spending plan administrators that personal expenses for general health and wellness are not considered medical expenses under the tax law. Margie Rollinson begins work as 49th IRS Chief Counsel; first woman to permanently hold position IR-2024-64, March 6, 2024 — Margie Rollinson took the oath of office today to become the 49th IRS Chief Counsel and the first woman to permanently hold the top legal position at the nation’s tax agency. Tax Time Guide: Taxpayers should report digital asset transactions, gig economy income, foreign source income and assets IR-2024-63, March 6, 2024 — The Internal Revenue Service reminds taxpayers they’re generally required to report all earned income on their tax return, including income earned from digital asset transactions, the gig economy and service industry as well as income from foreign sources. Treasury, IRS issue guidance for the elective payment of advanced manufacturing investment credit IR-2024-62, March 5, 2024 — The Internal Revenue Service (IRS) today issued final regulations that provide guidance for the entities choosing the elective payment for the advanced manufacturing investment credit, established by the CHIPS Act of 2022. Treasury, IRS finalize rules on elective payments of certain clean energy credits under the Inflation Reduction Act IR-2024-61, March 5, 2024 — The Department of the Treasury and Internal Revenue Service issued final regulations today for applicable entities that earn certain clean energy credits and choose to make an elective payment election. Time is running out: IRS encourages eligible non-filers in 2020 to claim their Recovery Rebate Credit before May 17 deadline IR-2024-60, March 4, 2024 — The Internal Revenue Service today reminded those who may be entitled to the COVID-era Recovery Rebate Credit in 2020 that time is running out to file a tax return and claim their money. Registration opens for 2024 IRS Nationwide Tax Forum; five cities to host special sessions this summer IR-2024-59, March 4, 2024 — The Internal Revenue Service announced today that registration for the agency’s 2024 Nationwide Tax Forum is now open, providing tax professionals the opportunity to attend special continuing education sessions this summer in five cities across the nation. IRS Free File program sees early increase in use; filings up nearly 10% IR-2024-58, March 1, 2024 — The Internal Revenue Service’s Free File Guided Tax Software service has seen a year-over-year increase of nearly 10% so far this filing season, according to new statistics released today. IRS: Never mind the myths; know the facts about receiving a Form 1099-K in 2024 IR-2024-57, March 1, 2024 — To help taxpayers with filing, the Internal Revenue Service today debunked some common myths to help taxpayers understand what to do with Form 1099-K. News release and fact sheet archive Find previous year news releases and fact sheets from 1997 through last month.
