Misleading social media advice leads to false claims for Fuel Tax Credit, Sick and Family Leave Credit, household employment taxes; FAQs help address common questions, next steps for those receiving IRS letters

FS-2024-24, July 2024 — The Internal Revenue Service issued alert IR-2024-139 about a series of scams and inaccurate social media advice. Social media schemes led to thousands of inflated refund claims during the past tax season. The IRS has increased its compliance efforts related to false and/or questionable credits.
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Individuals

Tax Reform Guidance: Revenue Procedures

Major tax reform was approved by Congress in the Tax Cuts and Jobs Act (TCJA) on December 22, 2017. The IRS is implementing this major tax legislation that will affect both individuals and businesses. We will provide information and guidance to taxpayers, businesses and the tax community as it becomes available.
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Exempt Organizations Update

Review and subscribe to the Exempt Organizations Update, a free IRS newsletter for tax professionals and representatives of tax-exempt organizations.?
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Charities and Nonprofits

Topic no. 802, Applying to file information returns electronically

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Tax Professionals

S corporation compensation and medical insurance issues

When computing compensation for employees and shareholders, S corporations may run into a variety of issues. This information may help to clarify some of these concerns.
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Small Businesses

Tax Reform Guidance: Notices

Major tax reform was approved by Congress in the Tax Cuts and Jobs Act (TCJA) on December 22, 2017. The IRS is implementing this major tax legislation that will affect both individuals and businesses. We will provide information and guidance to taxpayers, businesses and the tax community as it becomes available.
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Simplified Employee Pension plan (SEP)

Get information about Simplified Employee Pension plans (SEPs). If you own a business, learn how you can establish a SEP for your employees.
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Administrators

401(k) plan fix-it guide - Eligible employees weren't given the opportunity to make an elective deferral election (excluding eligible employees)

401(k) Fix-It Guide - Eligible employees weren't given the opportunity to make an elective deferral election (excluding eligible employees).
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Administrators

Partnerships

Understand your federal tax obligations as a partnership; a relationship between two or more people to do trade or business.
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401(k) Resource guide plan: Participants 401(k) plan overview

401(k) plan overview for plan participants.
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Administrators