The Internal Revenue Service has issued frequently asked questions about the tax treatment of work-life referral services provided to employees under an employer's program. Processing Content A ...

On April 16, 2024, the IRS issued Fact Sheet 2024-13, which includes FAQs addressing the tax treatment of employer-provided work-life referral services. The FAQs generally provide that the value of ...

The IRS updated its frequently asked questions concerning the child tax credit this week, adding six more questions to a fact sheet posted on the agency’s website. See: 50 Ways You’re Throwing Money ...

The IRS has answered some frequently asked questions (FAQs) related to distributions from retirement plans, IRAs, and retirement plan loans for individual taxpayers impacted by federally declared ...

The Internal Revenue Service has posted guidance in the form of questions and answers on digital asset broker reporting on the new Form 1099-DA. The FAQ page, posted last week on IRS.gov, explains the ...

Inaccurate—and even fraudulent—employee retention credit (ERC) claims have long been creating headaches at the IRS. The One Big Beautiful Bill (OBBB) made changes designed to alleviate IRS’ burden ...

The Internal Revenue Service issued guidance in the form of answers to frequently asked questions about the soon-to-expire tax credits for clean energy sources such as solar and wind power, electric ...

These FAQs are being issued to provide general information to taxpayers and tax professionals as expeditiously as possible. Accordingly, these FAQs may not address any particular taxpayer’s specific ...

The IRS recently issued Notice 2024-73, which provides much-needed guidance on long-term, part-time (“LTPT”) employees in ERISA-governed 403(b) retirement plans. Following passage of the SECURE 2.0 ...