Information about Form 1099-R, Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. (Info Copy Only), including recent updates, related forms, and instructions on how to file.| www.irs.gov
SOI Tax Stats - Controlled Foreign Corporations Metadata| www.irs.gov
INCOME TAX| www.irs.gov
Use this form to figure your qualified business income deduction. Use separate Schedules A, B, C, and/or D, as appropriate, to help calculate the deduction.| www.irs.gov
Information about Form 8995, Qualified Business Income Deduction Simplified Computation, including recent updates, related forms and instructions on how to file. Use Form 8995 to figure your qualified business income deduction.| www.irs.gov
Information about Form 8960, Net Investment Income Tax Individuals, Estates, and Trusts, including recent updates, related forms and instructions on how to file. Taxpayers use this form to figure the amount of their net investment income tax (NIIT).| www.irs.gov
Retirement Topics - SIMPLE IRA Contribution Limits| www.irs.gov
General Instructions| www.irs.gov
IR-2021-167, August 10, 2021 — The Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) today issued a safe harbor allowing employers to exclude certain items from their gross receipts solely for determining eligibility for the Employee Retention Credit (ERC).| www.irs.gov
You may have to report transactions involving digital assets such as cryptocurrency and NFTs on your tax return.| www.irs.gov
This page describes the new Voluntary Classification Settlement Program for employers.| www.irs.gov
Learn the different types of tax return transcripts and how to order them including IRS Get Transcript Online or by Mail.| www.irs.gov
Review IRS Tax Topic on notices and bills, penalties and interest charges.| www.irs.gov
Part 25. Special Topics| www.irs.gov
IR-2021-203, October 15, 2021 — The IRS has set forth the information that taxpayers will be required to include for a research credit claim for refund to be considered valid.| www.irs.gov
Information about Form 8974, Qualified Small Business Payroll Tax Credit for Increasing Research Activities, including recent updates, related forms and instructions on how to file.| www.irs.gov
Notice 2017-23 provides interim guidance on the payroll tax credit, a provision of the Protecting Americans From Tax Hikes Act (enacted in December 2015) that was first made available to qualified small businesses filing 2016 federal income tax returns whose business tax year began after December 31, 2015.| www.irs.gov
IR-2024-137, May 9, 2024 — The Internal Revenue Service reminds taxpayers that making certain energy efficient updates to their homes could qualify them for home energy credits.| www.irs.gov
This section contains statistical tables, articles, microdata, and other information on charities and other tax-exempt organizations, those exempt from income tax under Sections 501(c)(3) and 501(c)(4)-(9) of the Internal Revenue Code.| www.irs.gov
Review the types of organizations and associations that may qualify for exemption under Internal Revenue Code section 501(c)(4).| www.irs.gov
Measuring Lobbying Activity: Substantial Part Test| www.irs.gov
Find out-of-pocket health care standards, the monthly allowable living expenses used to calculate repayment of delinquent taxes.| www.irs.gov
Are there different types of ACAs for retirement plans?| www.irs.gov
SOI Tax Stats - Annual Extract of Tax-Exempt Organization Financial Data| www.irs.gov
Information about Form 3520-A, Annual Information Return of Foreign Trust With a U.S. Owner, including recent updates, related forms and instructions on how to file. A foreign trust with at least one U.S. owner files this form annually to provide information about the trust, its U.S. beneficiaries, and any U.S. person who is treated as an owner of any portion of the foreign trust.| www.irs.gov
Information about Form 3520, Annual Return To Report Transactions With Foreign Trusts and Receipt of Certain Foreign Gifts, including recent updates, related forms, and instructions on how to file. File Form 3520 to report certain transactions with foreign trusts, and ownership of foreign trusts.| www.irs.gov
The qualified business income (QBI) deduction allows you to deduct up to 20 percent of your QBI. Learn more.| www.irs.gov
IRS provides various prescribed rates for income tax purposes.| www.irs.gov
Information about Publication 590-B, Distributions from Individual Retirement Arrangements (IRAs), including recent updates and related forms. Publication 590-B discusses distributions from both traditional and Roth individual retirement arrangements (IRA).| www.irs.gov
Frequently Asked questions regarding Loans.| www.irs.gov
Topic No. 556 Alternative Minimum Tax| www.irs.gov
Information about Publication 550, Investment Income and Expenses, including recent updates and related forms. Publication 550 discusses the tax treatment of investment income and expenses.| www.irs.gov
Explore options for getting your federal tax refund, how to check your refund status, how to adjust next year’s refund and how to resolve refund problems.| www.irs.gov
Introduction| www.irs.gov
Review user fee program guidance for letter ruling, determination letter and compliance statement requests from taxpayers and other organizations.| www.irs.gov
Pay your taxes. Get your refund status. Find IRS forms and answers to tax questions. We help you understand and meet your federal tax responsibilities.| www.irs.gov
A tax compliance report (Letter 6201) shows whether you have filed tax returns and paid taxes on time. Find out what it includes and how to get one.| www.irs.gov
Taxpayers are asked for tax return information by mortgage lenders and other financial lenders to confirm income during the processing of a loan application. The IRS will provide tax return transcript, W-2 transcript and 1099 transcript information to a third party with your consent only.| www.irs.gov
Information about Schedule C (Form 1040), Profit or Loss from Business, used to report income or loss from a business operated or profession practiced as a sole proprietor; includes recent updates, related forms, and instructions on how to file.| www.irs.gov
Information about Form 1120, U.S. Corporation Income Tax Return, including recent updates, related forms and instructions on how to file. Use this form to report the income, gains, losses, deductions, credits, and to figure the income tax liability of a corporation.| www.irs.gov
Find how to register as a Designated Official or authorize a Designated User in Business Tax Account.| www.irs.gov
Get a business tax transcript online in your business tax account or by mail with Form 4506-T.| www.irs.gov
Help with Choosing a Retirement Plan| www.irs.gov
Read about the IRS’s mission and strategic plan, its history, and other aspects of the organization, including criminal enforcement.| www.irs.gov
These FAQs provide an overview of the aggregation rules that apply for purposes of the gross receipts test under Internal Revenue Code (Code) section 448(c) (section 448(c) gross receipts test), and that apply in determining whether a taxpayer meets the small business exemption under section 163(j) of the Code. Please refer to the Code and Income Tax Regulations for the aggregation rules.| www.irs.gov
Frequently asked questions and answers about enrolled agents.| www.irs.gov
Definitions| www.irs.gov
Publication 946 explains how you can recover the cost of business or income-producing property through deductions for depreciation.| www.irs.gov
Depreciation is an income tax deduction that allows a taxpayer to recover the cost or other basis of certain property. It is an annual allowance for the wear and tear, deterioration, or obsolescence of the property.| www.irs.gov
March 16, 2020 — Section 179 of the tax code allows business taxpayers to deduct the cost of certain property as an expense when the property is first placed in service.| www.irs.gov
Taxpayers have the right to expect that any information they provide to the IRS will not be disclosed unless authorized by the taxpayer or by law. Taxpayers have the right to expect appropriate action will be taken against employees, return preparers, and others who wrongfully use or disclose taxpayer return information.| www.irs.gov
Highlights of This Issue| www.irs.gov
Introduction| www.irs.gov
IR-2019-214, December 30, 2019 — The Internal Revenue Service announced today an agreement with Free File, Inc. (FFI) designed to bring more clarity for taxpayers choosing to use free online software during the 2020 filing season.| www.irs.gov
March 28, 2025 — IRS Criminal Investigation (IRS-CI) released investigative statistics March 28 highlighting how the agency uses Bank Secrecy Act (BSA) data to investigate financial crimes. During the previous three fiscal years 2022-2024 (FY22-24), 87.3% of IRS-CI’s criminal investigations recommended for prosecution had a primary subject with a related BSA filing, and adjudicated cases resulted in a 97.3% conviction rate with defendants receiving average prison sentences of 37 months. I...| www.irs.gov
The bona fide residence test applies to U.S. citizens and to any U.S. resident alien who is a citizen or national of a country with which the United States has an income tax treaty in effect.| www.irs.gov
Review a required minimum distribution table that compares IRAs and defined contribution plans, such as 401(k), profit sharing and 403(b) plans.| www.irs.gov
Calculate required minimum distributions for your IRA with these withdrawals worksheets.| www.irs.gov
Information about Form 5329, Additional Taxes on Qualified Plans (including IRAs) and Other Tax-Favored Accounts, including recent updates, related forms and instructions on how to file. Form 5329 is used by any individual who has established a retirement account, annuity or retirement bond.| www.irs.gov
Topic No. 504, Home Mortgage Points| www.irs.gov
ADMINISTRATIVE| www.irs.gov
The Form 8976, Electronic Notice Filing System allows organizations to complete the registration/certification process, keeps account information current and enables organizations to receive secure, digital communications from the IRS.| www.irs.gov
Overview of donor-advised funds maintained by section 501(c)(3) organizations| www.irs.gov
Contents of written acknowledgment required to substantiate deduction charitable contributions over $250.| www.irs.gov
Who Must File| www.irs.gov
The Protecting Americans from Tax Hikes Act of 2015 (the PATH Act) has tax fraud protections and law changes that affect individuals, families and businesses.| www.irs.gov
The IRS has issued revised guidance for the allowance of the credit for increasing research activities under I.R.C. Section 41 for Taxpayers that expense research and development costs on their financial statements pursuant to ASC 730.| www.irs.gov
Real-time processing for power of attorney (POA) and tax information authorization (TIA) requests to individuals. View taxpayer information. Make payments. Withdraw in real time.| www.irs.gov
Securely upload Form 2848, Power of Attorney and Declaration of Representative and Form 8821, Tax Information Authorization.| www.irs.gov
Answers to questions about payment plans (including installment agreements).| www.irs.gov
Pay personal or business taxes directly from your bank account with IRS Direct Pay. It’s free and secure.| www.irs.gov
General Instructions| www.irs.gov
Inflation Reduction Act changed a wide range of tax laws and provided funds to improve our services and technology to make tax filing faster and easier.| www.irs.gov
IR-2019-181, November 7, 2019 - With the tax filing season quickly approaching, the Internal Revenue Service recommends taxpayers take time now to determine if they are eligible for important tax credits.| www.irs.gov
1040 (2024)| www.irs.gov
If you own a small business or are self-employed, use this IRS guidance to determine if you need to file form 1099 or some other information return.| www.irs.gov
Find general information about 401(k) plans, the tax advantages of sponsoring the plan and the types of plans available.| www.irs.gov
The Inflation Reduction Act of 2022 (IRA) amended and enacted various clean energy tax incentives that provide increased credit or deduction amounts if certain prevailing wage and registered apprenticeship requirements are met. Treasury and the IRS published final regulations on June 25, 2024, providing rules and definitions for taxpayers seeking to satisfy the prevailing wage and apprenticeship requirements. These frequently asked questions and answers are based on the final regulations.| www.irs.gov
IR-2024-273, Oct. 22, 2024 — The Internal Revenue Service announced today the annual inflation adjustments for tax year 2025.| www.irs.gov
The Foreign Account Tax Compliance Act (FATCA) requires certain U.S. taxpayers holding financial assets outside the country to report those assets to the IRS.| www.irs.gov
Topic No. 503, Deductible Taxes| www.irs.gov
The Saver's Credit is a tax credit for eligible contributions to your IRA, employer-sponsored retirement plan or Achieving a Better Life Experience (ABLE) account.| www.irs.gov
If you’re a low- to moderate-income worker, find out if you qualify for the Earned Income Tax Credit (EITC) and how much your credit is worth.| www.irs.gov
Learn how the American Opportunity Tax Credit (AOTC) can help pay up to $2,500 for tuition and other qualifying expenses per student each year on your tax return during the first four years of higher education.| www.irs.gov
This Issue Snapshot discusses the rules relating to the combined limitation on deductions under IRC Section 404(a)(7). This Issue Snapshot does not discuss the rules relating to any IRC Section 4972 excise taxes that might be applicable on non-deductible contributions.| www.irs.gov
IR-2025-26, Feb. 27, 2025 — The Internal Revenue Service today announced its annual Dirty Dozen list of tax scams for 2025 with a warning for taxpayers, businesses and tax professionals to watch out for common schemes that threaten their tax and financial information.| www.irs.gov
Compiled annually, the Dirty Dozen lists a variety of common scams that taxpayers may encounter anytime but many of these schemes peak during filing season as people prepare their returns or hire someone to help with their taxes. Don’t fall prey.| www.irs.gov
What’s New| www.irs.gov
Information about Form 945, Annual Return of Withheld Federal Income Tax, including recent updates, related forms and instructions on how to file. Use Form 945 to report withheld federal income tax from nonpayroll payments.| www.irs.gov
Topic No. 502, Medical and Dental Expenses| www.irs.gov
Information about Form 1040, U.S. Individual Income Tax Return, including recent updates, related forms and instructions on how to file. Form 1040 is used by citizens or residents of the United States to file an annual income tax return.| www.irs.gov
Find tax filing and reporting information for U.S. citizens or resident aliens who reside and earn income overseas.| www.irs.gov
Reminders| www.irs.gov
Find answers to commonly asked questions about employer shared responsibility provisions under the Affordable Care Act (ACA).| www.irs.gov
Introduction| www.irs.gov
Information about Form 4562, Depreciation and Amortization, including recent updates, related forms, and instructions on how to file. Form 4562 is used to claim a depreciation/amortization deduction, to expense certain property, and to note the business use of cars/property.| www.irs.gov
Find common questions and answers on the qualified business income (QBI) deduction, also called the 199A deduction.| www.irs.gov
Find out how you'll be notified of an IRS audit, why you've been selected, how the IRS conducts audits and what information you'll need to provide.| www.irs.gov
The IRS is working on implementing the Inflation Reduction Act of 2022. This major legislation will affect individuals, businesses, tax exempt and government entities. Many of the provisions pertain to clean energy credits that may be available for individual taxpayers, business, corporations and manufacturers.| www.irs.gov
Description of the prohibition on inurement and private benefit for section 501(c)(3) tax-exempt organizations.| www.irs.gov