Treasury and IRS issue guidance relating to section 5000D of the Internal Revenue Code

IR-2023-141, Aug. 4, 2023

WASHINGTON — The Department of the Treasury and the Internal Revenue Service today issued guidance for manufacturers, producers and importers of certain drugs regarding the tax imposed by section 5000D of the Internal Revenue Code. Section 5000D was enacted as part of the Inflation Reduction Act. Read More

IRS to establish special pass-through organization to help with high-income compliance efforts; new workgroup to blend current employees and new hires to focus on complex partnerships, other key areas

IR-2023-176, Sept. 20, 2023 WASHINGTON — As work continues to focus more attention onto high-income compliance issues, the Internal Revenue Service announced plans today to establish

September 20, 2023 No Comments

IRS, Electronic Tax Administration Advisory Committee select 8 new members

IR-2023-175, Sept. 19, 2023 WASHINGTON — The Internal Revenue Service has selected eight new members for the Electronic Tax Administration Advisory Committee (ETAAC). Read More

September 19, 2023 No Comments

IRS reminder to storm victims in 3 states: File and pay by Oct. 16; most of California, parts of Alabama and Georgia affected

IR-2023-174, Sept. 19, 2023 WASHINGTON — The Internal Revenue Service today reminded individuals and businesses in most of California and parts of Alabama and Georgia

September 19, 2023 No Comments

IRS Commissioner signals new phase of Employee Retention Credit work; with backlog eliminated, additional procedures will be put in place to deal with growing fraud risk

September 19, 2023 No Comments

IRS invites public input on ways to improve dispute resolution programs; suggestions wanted

September 19, 2023 No Comments

IRS: Vermont flooding victims now eligible for tax relief; Oct. 16 deadline, other dates extended to Nov. 15

September 17, 2023 No Comments

Treasury and IRS issue guidance relating to section 5000D of the Internal Revenue Code