— With the funding from the Inflation Reduction Act (IRA), the Internal Revenue Service continues to help taxpayers in unique ways to take advantage of clean energy credits.
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— The Department of Treasury and Internal Revenue Service issued final regulations today describing rules and definitions for the transfer of eligible credits in a taxable year, including specific rules for partnerships and S corporations.
— The Internal Revenue Service Independent Office of Appeals today announced the formation of a new Alternative Dispute Resolution Program Management Office.
— The Internal Revenue Service today announced it will accept applications for Low Income Taxpayer Clinic matching grants from all qualified organizations.
— The IRS encourages tax professionals to register now for the 2024 IRS Nationwide Tax Forum, coming this summer to Chicago, Orlando, Baltimore, Dallas and San Diego.
— The Internal Revenue Service today encouraged taxpayers who missed the April tax-filing deadline to file a tax return as soon as they can.
— The Internal Revenue Service today issued its annual Data Book detailing the agency’s activities during fiscal year 2023 (Oct. 1, 2022 – Sept. 30, 2023), including revenue collected and tax returns processed.
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The IRS issued final regulations regarding the election to transfer certain clean energy tax credits. The regulations include specific rules for partnerships and S corporations as eligible taxpayers and transferee taxpayers.
The draft form, which when finalized will be used by brokers to report digital asset transactions, reflects the language of the proposed regulations, including a broad definition of “broker.”
The IRS had mixed success in its first efforts to find employers who evade taxes, doing better in its criminal pursuit than on the civil side, the Treasury Inspector General for Tax Administration said in a recent report.
The FAQs from Treasury’s Financial Crimes Enforcement Network said access to beneficial ownership information will be phased in, beginning this spring with a pilot program for some federal agency users and concluding in spring 2025, when financial institutions with customer due-diligence requirements will be able to review BOI.
IRS commissioner Danny Werfel told the Senate Finance Committee that a tax bill passed by the House in January would help the IRS combat fraud in employee retention credit claims.
In light of the continuing challenges taxpayers are facing with the corporate alternative minimum tax, the IRS granted a waiver of the addition to tax for failure to pay estimated corporate AMT “in the interest of sound tax administration.”
The IRS winds up its annual list of 12 scams and schemes by covering two broad categories: bogus tax-avoidance strategies and schemes with an international element.
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It has never been more obvious that the Republican Party is the party of the boss.By Jamelle Bouie
A nonprofit that distributed books for many of the country’s small presses has closed, and the fallout could affect the publishing industry in ways both big and small.By Elizabeth A. Harris
Originally charged after 190 decomposing bodies were found at their Colorado funeral home, the couple now face federal charges that they fraudulently obtained $880,000 in relief funds.By Jesus Jiménez
A dozen red roses is timeless. But its price tag is not. At Ditmars Flower Shop in Queens, where costs have soared in recent years, a bouquet is $72, up from $60 in 2019.By Stefanos Chen and Adrienne Grunwald
Rosior, a family business, does not even use computer design programs.By Abigail R. Esman
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The nation’s highest state minimum wage for fast-food workers takes effect on Monday. Owners and employees are sizing up the potential impact.By Kurtis Lee
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Connecting starts with getting to know each other well. Ask yourself, on a scale from 1-10, how well you really know the people in your team.
Business environments are like ecological systems. In this article, we discuss 5 concepts from evolutionary biology that can serve as mental models give startup founders a competitive advantage.
It’s time to remain disciplined, be creative about hitting milestones and adapt to the environment we’re in now.
We’re on the brink of widespread adoption as more people begin to see that there are real benefits to Web3 technologies.
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Just because you have a fancy job title, doesn’t mean anyone will read your messages. Improve your writing with 5 powerful ChatGPT prompts.
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Billie Eilish, Fall Out Boy, Nile Rodgers, Cyndi Lauper, Lorde, Sia, Diplo and Chappell Roan are among the signatories of an open letter urging a Senate committee to support the Fans First Act.
In a complaint to the airline, Pamela Hill-Veal, a retired judge, says that while on a Chicago-to-Phoenix flight, a flight attendant berated her and accused her of slamming the lavatory door.
Federal officials threw out the first vote, ruling that Amazon improperly interfered. The results of the second vote remain inconclusive. The federal government now determines what happens next.
The Micron project comes after the White House has announced massive investments for Intel, TSMC and Samsung in recent weeks using funds from the 2022 CHIPS and Science Act.
The influential website faced multiple defamation suits over conspiracy theories about 2020 election fraud that it's accused of promoting.
The origins of competitive gaming are rooted in college campuses going back to the early 1970s. Now a globally popular industry, esports is at the center of many questions about long-term financial viability.
(Note: This episode originally ran in 2023.)