IRS, Treasury Release State-By-State Economic Impact Payment Figures for May 22, 2020
State By State Figures For Economic Impact Payments; The U.S. Treasury Department and the Internal Revenue Service (IRS) issued the details of state by state figures for Economic Impact Payments for May 22, 2020. As per the details, most of the individuals…
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IRS, Treasury Provides Regulations for Businesses to Claim Carbon Capture Credits
Guidance to claim carbon capture credits; The Internal Revenue Service (IRS) and the U.S. Department of the Treasury issued new guidance for the businesses all over USA to claim carbon capture credits. As per the details of guidance to claim…
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IRS, Treasury Provide Safe Harbor for Taxpayers That Develop Renewable Energy Projects
Safe Harbor for Renewable Energy Projects; The Internal Revenue Service (IRS) and the U.S. Department of the Treasury announced relief for those taxpayers who are involved in developing renewable energy projects in any part of the United States. As per…
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IRS, Treasury Issue Final Regulations Providing Relief for Certain Tax-Exempt Organizations
Final Regulations for Tax-Exempt Organizations to Provide Relief; The Internal Revenue Service (IRS) and the U.S. Department of the Treasury issued final regulations for tax-exempt organizations to provide relief. The final regulations (PDF) issued by the government agencies clarify that the…
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IRS Provides Tax Relief through Increased Flexibility for Taxpayers in Section 125 Cafeteria Plans
IRS Cafeteria Plans Tax Relief through Increased Flexibility in Section 125; The Internal Revenue Service (IRS) allows temporary changes to section 125 cafeteria plans that provides guidance on increased flexibility for taxpayers. According to the changes, the claims period for…
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IRS Provides Guidance on Deductibility of Penalties, Fines & Other Amounts
IRS Guidance on Deductibility of Fines and Penalties; The Internal Revenue Service (IRS) issued proposed regulations for the deductibility of fines, penalties, and certain other amounts. Under the Tax Cuts and Jobs Act (TCJA), IRS Guidance on Deductibility of Fines…
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IRS New Regulations on Income Tax Withholding For Certain Periodic Retirement and Annuity Payments
IRS New Regulations on Income Tax; The Internal Revenue Service (IRS) and the U.S. Department of the Treasury issued new guidance for Income Tax Withholding for retirement and annuity payments. As per the details, the proposed regulation provides update regarding…
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IRS Announces Form 1040 – X Electronic Filing Options Coming This Summer
IRS Announces Form 1040, Form 1040-X electronic filing options; A major milestone reached for electronic returns in the United States as the Internal Revenue Service (IRS) announces Form 1040-X electronic filing options to start very soon this summer. For the…
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State-By-State Economic Impact Payment Figures – Treasury, IRS Deliver 130 Million Payments by May 8
State By State Figures For Economic Impact Payments; The U.S. Treasury Department and the Internal Revenue Service (IRS) issued the details of state by state figures for Economic Impact Payments for the first four weeks of program. As per the details, nearly…
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IRS, Treasury Delivered Economic Impact Payments to 130 Million Americans in Record Time
130 Million Americans received Economic Impact Payments; The Internal Revenue Service (IRS) and the U.S. Department of the Treasury proudly announce that almost 130 million Americans have received Economic Impact Payments throughout the United States. Both of the government agencies…
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