Taxes July 15, 2026
Make the IRS an Offer It Can’t Refuse
The IRS won’t agree to an offer-in-compromise unless the amount offered is equal to or greater than the reasonable collection potential.
Taxes January 16, 2025
IRS to Pilot Changes to Alternative Dispute Resolution Programs
The initiative focuses on changes to the existing Fast-Track Settlement (FTS) and Post-Appeals Mediation programs, and introduces a third pilot, Last Chance FTS.
Taxes January 15, 2025
Deadline for Forms W-2, W-3 and 1099-NEC Due on Jan. 31, Says IRS
Employees should also be provided with their copies by this date, so they can make preparations for filing taxes by April 15.
Taxes January 15, 2025
Treasury, IRS List Qualifying Technologies for Clean Electricity Tax Credits
The Treasury Department and the IRS on Jan. 15 published the first Annual Table that provides greenhouse gas emissions rates for certain types or categories of facilities that are eligible for the Clean Electricity Production Tax Credit and the Clean Electricity Investment Tax Credit.
Taxes January 15, 2025
IRS Proposes Regs, Draft Form for Corporate Separations and Reorganizations
The Treasury Department and the IRS on Monday released proposed regulations for corporate separations and reorganizations, as well as reporting requirements for multiyear corporate separations and a draft version of new Form 7216.
Taxes January 15, 2025
IRS and Treasury Department Float New Rules for Qualified Commercial Clean Vehicle Tax Credit
Under Section 45W of the tax code, the credit may be claimed by purchasing and placing in service qualified commercial clean vehicles, including certain battery electric vehicles, plug-in hybrid EVs, fuel cell EVs, and plug-in hybrid fuel cell EVs.
Taxes January 15, 2025
IRS, Treasury Lay Out Guidance on Clean Fuels Production Credit
Section 45Z of the tax code provides a tax credit for the production of transportation fuels with lifecycle greenhouse gas emissions below certain levels. The credit is in effect in 2025 and is for sustainable aviation fuel and non-SAF transportation fuels.
Taxes January 15, 2025
IRS, Treasury Final Rules Classify Partnership Basis Shifting Transactions as ‘Transactions of Interest’
Last June, the Treasury Department and the IRS proposed new guidance aimed at stopping the use of basis shifting—transactions where an individual or business moves assets to a related party to avoid paying taxes.
Taxes January 14, 2025
IRS and Treasury Department Propose Regs on New Roth Catch-Up Rule, 401(k) Auto Enrollment
The proposed regulations address several SECURE 2.0 Act provisions, including ones aimed at the new Roth IRA catch-up rule and the new automatic enrollment requirement for 401(k) and 403(b) plans.
Taxes January 14, 2025
IRS, Treasury Publish Final Rules for Low-Income Communities Bonus Credit
The Section 48E(h) program expands the 48(e) bonus credit and promotes cost-saving clean energy investments in low-income communities, on Indian land, or as part of affordable housing developments and aims to benefit low-income households.
Taxes January 14, 2025
IRS, Treasury Release Final Rules for Clean Electricity Tax Credits
The Clean Electricity Investment and Production Tax Credits—also known as the "technology-neutral credits"—are intended to encourage more investments in clean energy systems over the next few years.
Taxes January 13, 2025
California Joins IRS By Moving Tax Filing Deadline to Oct. 15 for Los Angeles County Residents
The tax deadline change, permitted under presidential disaster declarations, is similar to those in previous years when flooding or wildfires hindered residents and business owners suffering from property loss or damages.
Taxes January 10, 2025
IRS Postpones Tax Deadlines Until Oct. 15 for Victims of Los Angeles County Wildfires
Currently, only individuals and households that reside or have a business in Los Angeles County qualify for tax relief. However, the same relief will be offered to any counties designated by FEMA in the coming days or weeks.