IRS Updates, Tax Tips, and Program Information. Anything you want to know to help your business get the money is deserves you can find right here.
On January 17, 2025, reports emerged detailing a list of tax proposals circulated by Republican members of Congress. These proposals suggest significant changes to individual, corporate, and nonprofit taxation, alongside modifications in IRS enforcement funding.
The Internal Revenue Service today announced the selection of the first Associate Chief Counsel for the newly created Passthroughs, Trusts and Estates office that will focus exclusively on partnerships, S corporations, trusts and estates. Staffing for this office will be drawn from the current Passthroughs and Special Industries office.
The Department of the Treasury and the Internal Revenue Service today issued Revenue Procedure 2024-31 and proposed regulations to provide guidance for the energy efficient home improvement credit.
As National Cybersecurity Awareness Month concludes and preparation for next tax season begins, the Internal Revenue Service and its Security Summit partners today reminded taxpayers to be wary of online threats like identity theft and fraud.
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