**Portal Permanently Closing January 1, 2024**

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IRS orders immediate stop to new ERC processing

Amid rising concerns about a flood of improper Employee Retention Credit (ERC) claims, the IRS ordered an immediate moratorium through at least the en...

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Educator Expense Deduction helps teachers cut classroom costs

The taxpayer must be a kindergarten through grade 12 teacher, instructor, counselor, principal or aide. They must also work at least 900 hours a schoo...

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Learn the warning signs of Employee Retention Credit scams

Businesses and tax-exempt organizations should watch out for telltale signs of misleading claims involving the Employee Retention Credit. Scammers and...

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IRS ends unannounced revenue officer visits to taxpayers

Ending unannounced visits to taxpayers will increase confidence in IRS’s tax administration work and improve overall safety for taxpayers and IRS empl...

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Certain energy credits under the Inflation Reduction Act are elective pay eligible

Elective pay allows applicable entities, including tax-exempt and governmental entities that would otherwise be unable to claim certain credits becaus...

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IRS issues standard mileage rates for 2023

The Internal Revenue Service today issued the 2023 optional standard mileage rates used to calculate the deductible costs of operating an automobile f...

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Taxpayers should review the 401(k) and IRA limit increases for 2023

The amount individuals can contribute to their 401(k) plans in 2023 will increase to $22,500 -- up from $20,500 for 2022.

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