![]() Treasury and IRS issue proposed regulations identifying certain monetized installment sales as listed transactions 4, 2023 - The IRS issued Notice 2023-59 today regarding the requirements for home energy audits for taxpayers that want to claim the Energy Efficient Home Improvement Credit. Home energy audits may qualify for an Energy Efficient Home Improvement Credit Section 5000D was enacted as part of the Inflation Reduction Act. 4, 2023 - The Department of the Treasury and the IRS today issued guidance for manufacturers, producers and importers of certain drugs regarding the tax imposed by section 5000D of the Internal Revenue Code. Treasury and IRS issue guidance relating to section 5000D of the Internal Revenue Code 7, 2023 - The Internal Revenue Service reminds eligible contractors who build or substantially reconstruct qualified new energy efficient homes that they might qualify for a tax credit up to $5,000 per home. IRS: Builders of qualified new energy efficient homes might qualify for an expanded tax credit under Section 45L 8, 2023 - In the fourth of a special series, the Internal Revenue Service and the Security Summit partners today urged tax professionals to learn the signs of data theft so they can respond quickly to protect clients. Security Summit reminder: Identity theft red flags tax pros should know The challenges created by paper are two-fold: taxpayers are unable to digitally submit many forms and correspondence beyond their annual 1040 tax return, and the IRS is unable to digitally process paper tax returns it receives. 2023 - Paper-based processes have long hampered the IRS and frustrated taxpayers. IRS launches paperless processing initiativeįS-2023-18, Aug. ![]()
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