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. ...
by TIG Tax Services | Jan 14, 2025 | Tax Updates
Coalition Against Scam and Scheme Threats announce 2025 filing season changes aimed at preventing the spread of scams, schemes; new Fuel Tax Credit statement and increased review of “other withholding” claims among highlights WASHINGTON — The Internal Revenue Service...
by TIG Tax Services | Jan 13, 2025 | Tax Updates
The SECURE 2.0 Act makes it easier for qualified individuals impacted by a federally declared major disaster to access their retirement savings. Eligibility A taxpayer may be eligible for relief that provides for expanded access to their retirement funds if their...
