The following information may be of interest to individuals and groups in or related to small businesses:
The following information may be of interest to individuals and groups in or related to small businesses:
- Electronic Tax Administration Advisory Committee selects eight new members
- IRS announces 2024 Tax Counseling for the Elderly and Volunteer Income Tax Assistance Program Grants
- IRS clarifies rules for new corporate alternative minimum tax
- IRS looks to hire 3,700 employees nationwide to help expand compliance for large corporations and complex partnerships; experienced accountants encouraged to apply for revenue agent positions
- IRS to establish special pass-through organization to help with high-income compliance efforts; new workgroup to blend current employees and new hires to focus on complex partnerships, other key areas
- IRS updates tax gap projections for 2020, 2021; projected annual gap rises to $688 billion
Credits
- Builders of qualified new energy efficient homes may qualify for an expanded tax credit under Section 45L
- Guidance, updated FAQS for the transfer of clean vehicle credits. Alert: Taxpayers can also now subscribe to get news for clean vehicle manufacturers, dealers and the auto industry; information to navigate clean vehicle tax credits
- IRS requests feedback on preview of proposed changes to Form 6765, Credit for Increasing Research Activities
- Increased energy investment credit for solar and wind facilities benefitting low-income communities
Tax Pros
- IRS delivers new capabilities to Tax Pro Account; latest expansion part of effort to improve technology, tools to help tax professionals serve clients
- Most popular seminars at the 2023 IRS Nationwide Tax Forums now available online