IRS Announces Tax Bonus for Domestically Produced Iron

The agency released guidance on how to apply for a 10 percent tax credit.  The Internal Revenue Service (IRS) released new tax guidance this past week, instructing companies…

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IRS Extends Remote Work Pilot

The agency is analyzing data for future policy. The Internal Revenue Service (IRS) has extended its remote work pilot program, which was slated to end in June, through…

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IRS Exceeds Taxpayer Assistance Response Goals

Secretary Yellen seeks to maintain Congressional investment. The Internal Revenue Service (IRS) said this week that the agency exceeded its taxpayer response goals for the year. They attribute…

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IRS Offers New Electronic Tax Filing System

The IRS commissioner recently testified before a House committee regarding Direct File. The Internal Revenue Service (IRS) has released the pilot version of the agency’s updated electronic tax…

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IRS Improves Phone Service Levels in Current Tax Season

The agency seeks to show the efficacy of additional funding. The Internal Revenue Service (IRS) has shown improved phone response metrics as the tax season kicks off, reportedly…

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IRS to Begin Audits of CEO Company Jet Use

The agency will review business expense claims for private travel. The Internal Revenue Service (IRS) announced that they are proceeding with tax audits to review the accuracy of…

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DOL Requests Public Input on Retirement Plan Disclosures

Federal agencies are looking at how many and how often workers receive retirement disclosures, as well as their effectiveness. The Department of Labor announced that the Employee Benefits…

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IRS Releases Tax Guidance for EV Charging Station Installations

Businesses and homes may file for tax credits for installing stations. The Internal Revenue Service (IRS) released additional guidelines for tax credits granted to recent installations of electric…

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Swiss Bank Banque Pictet Admits Hiding Billions from IRS

The entity reached a $122.9 million agreement with the U.S. Treasury Department. The U.S. Department of the Treasury has come to a $122.9 million agreement with the private…

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IRS Releases Clean Energy Investment Tax Credit

The agency publishes guidance documenting details for investors. The Internal Revenue Service (IRS) has released guidance that outlines the requirements for receipt of the clean energy tax credit.…

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