Use the EITC Assistant to see if you're eligible for this valuable credit, calculate how much money you may get and find answers to questions.| 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
Do you need to file a tax return? Find out with the IRS Interactive Tax Assistant.| www.irs.gov
Highlights of This Issue| www.irs.gov
Publication 587 explains how to figure and claim the deduction for business use of your home. It includes special rules for daycare providers. This publication explains how to figure and claim the deduction for business use of your home. It includes special rules for daycare providers.| www.irs.gov
SEP Plan Fix-it Guide| www.irs.gov
Find resources for operating IRA-based plans. Find frequently asked questions, forms, publications and more.| www.irs.gov
Retirement Topic - SEP Contribution Limits (including grandfathered SARSEPs)| www.irs.gov
Resources to help business owners properly operate their retirement plans.| www.irs.gov
Use the IRS Employee Plans Compliance Resolution System (EPCRS) to correct and avoid retirement plan errors.| 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
Find Federal Unemployment Tax Act (FUTA) tax filing and reporting information applicable to U.S. citizens employed outside the U.S. and for nonresident aliens.| www.irs.gov
Nov. 27, 2023 — The IRS and the Security Summit partners remind you to protect yourselves and your clients’ sensitive information by putting in place a Written Information Security Plan (WISP).| 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
The Tax Cuts and Jobs Act extended the time a taxpayer has to file a wrongful levy claim if the IRS has sold the levied property.| www.irs.gov
Information about receiving Qualified Domestic Relations Order (QDRO) benefits from a retirement plan.| www.irs.gov
Find out about Roth IRAs and which tax rules apply to these retirement plans.| 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
Discussion of social activity and social welfare under Code section 501(c)(4).| www.irs.gov
Political activity and social welfare under Code section 501(c)(4)| www.irs.gov
The life cycle of a social welfare organizations includes filing information returns and for tax-exempt status, and updating its mission and purpose.| www.irs.gov
Discussion of inurement under Code section 501(c)(4).| www.irs.gov
Discussion of business activities conducted by a social welfare organization| 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
Procedures for applying for exemption under IRC section 501(c).| 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
See if you qualify for the payment plan most individual taxpayers receive if they can’t pay on time. Learn how to set up the plan and make payments.| 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
Information about Form 2848, Power of Attorney and Declaration of Representative, including recent updates, related forms, and instructions on how to file. Form 2848 is used to authorize an eligible individual to represent another person before the IRS.| 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
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
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
Tax Tip 2017-80, November 21, 2017| www.irs.gov
Learn how to appeal the results of an audit or IRS collection action.| 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
Search information about a tax-exempt organization’s federal tax status and filings.| 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
Topic No. 511, Business Travel Expenses| www.irs.gov
If you install qualified vehicle refueling and recharging property in your home, you may qualify for the alternative fuel refueling property tax credit.| www.irs.gov
Find common questions and answers on the qualified business income (QBI) deduction, also called the 199A deduction.| www.irs.gov
Get tips on record retention -- Learn the period of limitation on income tax returns, connecting records with property and keeping records for nontax purposes.| www.irs.gov
Introduction| 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
If you are self-employed, you calculate your self-employment tax using the amount of your net earnings from self-employment and following the instructions on Schedule SE. However, you must make adjustments to your net earnings to arrive at your plan compensation.| www.irs.gov
Retirement Topics - Vesting| www.irs.gov
A step-by-step guide for claiming clean vehicle tax credits, including how to make sure you get a time-of-sale report that documents your purchase.| 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
Information on the 457(a) plan, including what organizations can establish the plan, how it works and the advantages of participating in the plan.| www.irs.gov
Introduction| www.irs.gov
Contact us for answers to technical and procedural retirement plan questions.| www.irs.gov
SOI Tax Stats - Annual Extract of Tax-Exempt Organization Financial Data| www.irs.gov
What is the purpose of the conflict of interest policy?| www.irs.gov
Description of the prohibition on inurement and private benefit for section 501(c)(3) tax-exempt organizations.| www.irs.gov
An excess benefit transaction is a transaction in which an economic benefit is provided by an applicable tax-exempt organization to or for the use of a disqualified person.| www.irs.gov
Description of tax on excise benefit transactions under IRC Code section 4958.| www.irs.gov
Part 13. Taxpayer Advocate Service| www.irs.gov
You may be able to claim a foreign tax credit for foreign taxes paid to a foreign country or for a U.S. possession. Learn more.| www.irs.gov
An ITIN is a 9-digit number the IRS issues if you need a U.S. taxpayer identification number for federal tax purposes, but you aren’t eligible for a Social Security number (SSN). Find if you need one and how to apply.| www.irs.gov
Learn about employer shared responsibility provisions for applicable large employers (ALEs) under the Affordable Care Act (ACA).| www.irs.gov
Topic No. 760 Form 943 – Reporting and Deposit Requirements for Agricultural Employers| www.irs.gov
Topic No. 756, Employment taxes for household employees| www.irs.gov
Use IRS Direct Pay to securely make business tax payments directly from your bank account for free.| www.irs.gov
Use the Electronic Federal Tax Payment System (EFTPS) to pay your taxes. Pay via a secure site or by phone using the EFTPS Voice Response System.| www.irs.gov
Information about Publication 926, Household Employer's Tax Guide, including recent updates and related forms. Publication 926 will help you decide if you have a household employee, and if you need to pay federal employment taxes. It explains how to figure, pay, and report those taxes.| www.irs.gov
Publication 15 explains an employer's tax responsibilities for withholding, depositing, reporting, and paying employment taxes. Includes the tax tables needed to figure the taxes to withhold from each employee. This publication explains your tax responsibilities as an employer.| www.irs.gov
Information about Form 940, Employer's Annual Federal Unemployment (FUTA) Tax Return, including recent updates, related forms and instructions on how to file. Form 940 (or Form 940-EZ) is used by employers to file annual Federal Unemployment Tax Act (FUTA) tax.| www.irs.gov