July 25, 2024

IRS issues guidance for the procedures to claim a credit for utilization of carbon oxide

The Internal Revenue Service today issued Notice 2024-60 to provide initial guidance on the credit for the sequestration of carbon oxide. This credit was amended significantly […]
July 23, 2024

Treasury, IRS issue updated guidance on required minimum distributions from IRAs, other retirement plans; generally retains proposed rules

The Department of the Treasury and the Internal Revenue Service today issued final regulations updating the required minimum distribution (RMD) rules.   Read the full article […]
July 19, 2024

IRS warns taxpayers about misleading claims about non-existent “Self Employment Tax Credit;” promoters, social media peddling inaccurate eligibility suggestions

The Internal Revenue Service issued a consumer alert today following bad advice circulating on social media about a non-existent “Self Employment Tax Credit” that’s misleading taxpayers […]
July 15, 2024

IRS reminds car dealers and sellers to be aware of phishing scams

The Internal Revenue Service would like to remind car dealers and sellers to be aware of evolving phishing and smishing scams that could impact day-to-day operations […]
July 11, 2024

Energy efficient home improvements could help people reduce energy bills and taxes

Homeowners who make improvements like replacing old doors and windows, installing solar panels or upgrading a hot water heater may qualify for home energy tax credits. […]
July 10, 2024

IRS warns of new scam targeting Clean energy tax credit

The Internal Revenue Service today warned taxpayers not to fall victim to a new emerging scam involving buying clean energy tax credits. Read the full article […]
July 3, 2024

INDEPENDENCE DAY 2024

In celebration of Independence Day 2024, our office will be closed tomorrow, July 4th. The office will reopen on July 5th, Friday. For urgent questions, please […]
June 26, 2024

Disaster tax relief information and resources on IRS.gov

IRS.gov has information disaster victims may need, including information about disaster-related filing extensions and tax relief. Read the full article from IRS here: https://www.irs.gov/newsroom/disaster-tax-relief-information-and-resources-on-irsgov Contact us […]
June 24, 2024

IRS releases revised draft Form 6765, Credit for Increasing Research Activities, following public comment

The Internal Revenue Service today announced the release of draft Form 6765, Credit for Increasing Research Activities, also known as the Research Credit. Read the full […]