Tax Alerts

2022 Filing Season Taxpayer Resource Page Launched

The IRS has announced a special new page on IRS.gov to provide the latest information affecting the 2022 filing season. The IRS has created this special web page to help taxpayers who may face numerous issues due to pandemic-related challenges and critical law changes that took place in 2021. The page will raise awareness about these issues and provide taxpayers with the latest timely information. The page will also provide a quick overview of information to help taxpayers who have previous year tax returns awaiting processing by the IRS. The page also includes links to information regarding the ongoing efforts by the agency to address the inventory of unprocessed tax returns filed before this year. This includes steps to stop over a dozen common letters to taxpayers and updates on IRS operations and unprocessed tax returns. The page will be available through the IRS.gov home page and shared through social media and other channels. The IRS began this tax season on January 24 and over 4 million tax refunds worth nearly $10 billion have gone out in less than two weeks. Millions more will go out in the weeks ahead.

IRS Commissioner Chuck Rettig stated that this new page provides a one-stop-shop for the latest key information taxpayers and the tax community may need. He further stated that the combination of new tax laws, the pandemic and numerous other factors have led to an unprecedented amount of unprocessed tax returns and correspondence remaining in the IRS inventory. He stated that the IRS must continue pursuing innovative strategies to return inventories to a healthy level before entering the 2023 filing season. Finally, he informed taxpayers that refunds for tax returns and amended tax returns in the inventory continue to flow out to taxpayers. The IRS urged taxpayers to carefully review their tax filings for accuracy and file electronically with direct deposit to speed refunds.

IRS WBO Celebrates Contributions Leading to $7 Billion Recovery , IR-2024-199

The IRS Whistleblower Office has recognized the contributions of whistleblowers on the occasion of National Whistleblower Appreciation Day, which falls on July […]

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IRS WBO Celebrates Contributions Leading to $7 Billion Recovery , IR-2024-199

FL - Correction: interest rates for second half of 2024 announced

The floating interest rate applicable to taxes administered by the Florida Department of Revenue on underpayments (deficiencies) and late payments […]

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FL - Correction: interest rates for second half of 2024 announced

IRS Highlights New Business Tax Account Features, FS-2024-27

The IRS announced that it is continuing to expand the features within Business Tax Account (BTA), an online self-service tool […]

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The IRS has issued a series of questions and answers for 401(k) and similar retirement plans that provide, or wish […]

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Guidance Issued on Retirement Plan Employer Matching Contributions Made for Student Loan Payments, Notice-2024-63; IR-2024-217

Taxpayers Reminded That Day Camp Expenses May Qualify for Child and Dependent Care Credit, IR-2024-216

The IRS has issued a reminder that summer day camp expenses may be eligible for the Child and Dependent Care tax […]

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Taxpayers Reminded That Day Camp Expenses May Qualify for Child and Dependent Care Credit, IR-2024-216

IRS Updates FAQs on Commercial Clean Vehicle Credits, FS-2024-26; IR-2024-197

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IRS Issues FAQs About Social Media Scams, FS-2024-24

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IRS Issues FAQs About Social Media Scams, FS-2024-24

IRS Issues Warning on Clean Energy Tax Credit Scam, IR-2024-182

The IRS has issued a cautionary alert to taxpayers about a new scam exploiting clean energy tax credits. This emerging […]

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IRS Issues Warning on Clean Energy Tax Credit Scam, IR-2024-182

Code Sec. 280E Not Applicable to Marijuana, IR-2024-177

The IRS reminded taxpayers that marijuana will remains a Schedule I controlled substance till a federal rule is published. Businesses […]

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Code Sec. 280E Not Applicable to Marijuana, IR-2024-177

FL - Guidance issued on affidavit required to claim exemption for boats sold to nonresident purchasers

Guidance is issued regarding changes that have been made to the affidavit required to claim the sales tax exemption for […]

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FL - Guidance issued on affidavit required to claim exemption for boats sold to nonresident purchasers