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Tax Tip 2024-04, Feb. 6, 2024 ¡ª Through new elective payment and transfer options, applicable businesses, tax-exempt organizations or entities such as state, local and tribal governments can take advantage of certain tax credits ¨C even if they don't have taxable income. They can apply these options to certain clean energy and manufacturing credits under the Inflation Reduction Act of 2022 and the CHIPS Act.

Get a closer look at how the IRS Information Technology team is working to maintain, secure and modernize the systems and applications that make it possible for taxpayers and working families to get the services they need.

IR-2022-165, September 28, 2022 ¡ª The IRS today updated its frequently-asked-questions on Coronavirus State and Local Fiscal Recovery Funds (SLFR Funds).

FS-2022-36, September 2022 ¡ª This Fact Sheet updates frequently asked questions (FAQs) related to the Coronavirus State and Local Fiscal Recovery Funds established under the American Rescue Plan Act (SLFR Funds) (FS-2021-16). These funds give eligible state and local governments a substantial infusion of resources to meet pandemic response needs.

September 28, 2022 ¡ª Pursuant to the requirements of the Balanced Budget and Emergency Deficit Control Act of 1985, as amended, refund payments issued to and refund offset transactions for certain state and local government filers claiming refundable credits under section 6431 of the Internal Revenue Code applicable to certain qualified bonds are subject to sequestration.

Determination and consequences of government status for tax purposes.

Definitions of the terms ¡°person¡±; ¡°partnership/partner¡±; ¡°corporation¡±; etc.

Insights into the definitions of competent and non-competent Indians and how these definitions affect the taxation of certain types of income.

Private Activity Bond, Qualified Bond

This issue snapshot provides an explanation of the basic components of spousal travel and when it is considered taxable compensation to the employee or can be excluded from wages as a working condition fringe benefit. It also explains when spousal travel is deductible.