obÌåÓý

The Inflation Reduction Act of 2022 (IRA) amended and enacted various clean energy tax incentives that provide increased credit or deduction amounts if certain prevailing wage and registered apprenticeship requirements are met. Treasury and the IRS published final regulations on June 25, 2024, providing rules and definitions for taxpayers seeking to satisfy the prevailing wage and apprenticeship requirements. These frequently asked questions and answers are based on the final regulations.

FS-2024-19, May 2024 ¡ª This fact sheet issues frequently asked questions about SECURE 2.0 Act of 2022 (SECURE 2.0) that provides for special rules for distributions from retirement plans and individual retirement arrangements (IRAs) and for retirement plan loans, for certain individuals impacted by federally declared major disasters.

Compensation for services performed as an employee of a foreign government, without regard to citizenship, residence, or where services are performed, is not considered to be wages for social security and Medicare tax purposes.

This page features links to data providing statistics related to the Inflation Reduction Act of 2022.

Review exceptions to the Foreign Investment in Real Property Tax Act of 1980 (FIRPTA) withholding.

An intermediary is a custodian, broker, nominee, or any other person that acts as an agent for another person.

If you are making payments to a Withholding Partnership (WP), you do not have to withhold if the WP is acting in that capacity.

If you are making payments to a Withholding Trust (WT), you do not have to withhold if the WT is acting in that capacity.

A withholding foreign partnership (WP) is any foreign partnership that has entered into a WP withholding agreement with the IRS and is acting in that capacity.

Sign up to receive news and information updates from the IRS concerning the Foreign Account Tax Compliance Act (FATCA).