IRS: Taxpayers impacted by Hurricane Lee in Maine and Massachusetts qualify for tax relief; various deadlines postponed to Feb. 15 IR-2023-177, Sept. 25, 2023

Disaster relief, Hurricane Idalia in parts of Georgia

Section 1274.-Determination of Issue Price in the Case of Certain Debt Instruments Issued for Property (Also Sections 42, 280G, 382, 467, 468, 482, 483, 1288, 7520, 7872.)

IRS looks to hire 3,700 employees nationwide to help expand compliance for large corporations and complex partnerships; experienced accountants encouraged to apply for Revenue Agent positions

Note from the Editor: NSTP supports this action by the IRS to protect the small business community from inaccurate claims related to the ERTC and their actions to shut down unscrupulous promote

The Employee Retention Credit (ERC or ERTC) is a complex tax credit for businesses and tax-exempt organizations that kept paying employees during the COVID-19 pandemic either when they were shut do

Deductible house-related expenses

Some penalties require supervisory approval before they can be assessed by the IRS.

The Internal Revenue Service has provided guidance on the federal tax status of refunds of state or local taxes and certain other payments made by state or local governments to individuals.