Reminder: 2024 Second Quarter Estimated Tax Payment Deadline is June 17
The IRS is reminding taxpayers who need to make estimated tax payments that the 2024 second quarter estimated tax deadline …
IRS Official Talks ‘Digital Transformation’ Goals
For the IRS to effectively shift the taxpayer experience to a fully digital landscape, it must leverage teams across different …
A New Threat to Race-based Charitable Organizations
In a case contending that a nonprofit fund benefiting Black female entrepreneurs is discriminatory, the Eleventh Circuit has sided with …
Conservation Easements Valued in Charitable Deduction Disputes
The Tax Court, in 13 consolidated cases involving denied charitable contribution amounts for related conservation easements, determined the appropriate valuation …
Qualified Disaster Relief Payments to East Palestine Derailment Victims Not Taxable Income
The IRS has issued guidance that certain payments received by victims of the train derailment in East Palestine, Ohio, may …
Bill Would Up Employer Child Care Assistance Credit
Bipartisan legislation introduced in the House last week would increase the amount of the tax credit that businesses can claim …
Senator Casey: Hydrogen Production Credit Revisions Needed
Final regulations on the Code Sec. 45V Clean Hydrogen Production Credit should incorporate feedback from industry stakeholders to make the credit accessible …
IRS: Tax Relief for Taxpayers Impacted by Severe Storms and Flooding in Massachusetts
The IRS announced tax relief for individuals and businesses in parts of Massachusetts affected by severe storms and flooding that …
IRS Provides Guidance on Clean Fuel Production Credit Registration
On Friday, the IRS issued guidance on the Clean Fuel Production Credit to clarify registration requirements for the two fuel …
IRS Direct File Here to Stay, Treasury Announces
The IRS’ direct tax return e-filing program will be a permanent option for taxpayers moving forward, the Treasury Department and …