by TIG Tax Services | Jan 15, 2025 | Tax Updates
WASHINGTON — The Internal Revenue Service today issued guidance on the income and employment tax treatment of contributions and benefits paid in certain situations under a state-paid family and medical leave program, as well as the related reporting requirements. Rev....
by TIG Tax Services | Jan 15, 2025 | Tax Updates
WASHINGTON — As tax filing season nears, the Internal Revenue Service reminds businesses to submit wage statements and certain information returns to the federal government by Jan. 31. Filing the required forms by the deadline and without errors not only helps...
by TIG Tax Services | Jan 15, 2025 | Tax Updates
WASHINGTON — The Internal Revenue Service today announced three pilot programs that will test changes to existing Alternative Dispute Resolution (ADR) programs. IRS ADR programs are designed to help taxpayers resolve tax disputes earlier and more...
by TIG Tax Services | Jan 14, 2025 | Tax Updates
WASHINGTON – The Internal Revenue Service today announced the appointment of 18 new members to the Internal Revenue Service Advisory Council. The IRSAC, established in 1953, is an organized public forum for IRS officials and representatives of the public...
by TIG Tax Services | Jan 14, 2025 | Tax Updates
Highlights of the coalition’s accomplishments include: New Fuel Tax Credit Statement – The IRS developed the “Statement Supporting Fuel Tax Credit (FTC) Computation – 1”, to educate taxpayers on eligibility requirements for claiming the credit. ...
