IRS: Builders of qualified new energy efficient homes might qualify for an expanded tax credit under Section 45L

IR-2023-142, Aug. 7, 2023

WASHINGTON — The Internal Revenue Service reminds eligible contractors who build or substantially reconstruct qualified new energy efficient homes that they might qualify for a tax credit up to $5,000 per home.

The actual amount of the credit depends on eligibility requirements such as the type of home, the home’s energy efficiency and the date when someone buys or leases the home. This important credit was expanded as part of the Inflation Reduction Act of 2022. 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

IRS: Builders of qualified new energy efficient homes might qualify for an expanded tax credit under Section 45L