obÌåÓý

Tax Tip 2023-71, May 24, 2023 ¡ª After the IRS rejects an offer in compromise, taxpayers have 30 days from the date on the rejection letter to request an appeal of the decision.

The if /then chart consists of four columns and is used to confirm who can sign a POA for an LLC. Reading from left to right, the column headers are: If, And, Then the taxpayer is, and Form 2848 POA is. Each entry in the first column spans multiple rows to describe the various ¡°If¡± scenarios. Each of the rows contains the And, Then the taxpayer is, and Form 2848 POA is information related to each If scenario.

The Low-Income Communities Bonus Credit Program increases the amount of energy investment tax credits for clean-energy investments in connection with low-income communities.

Tax Tip 2022-143, September 19, 2022 ¡ª Taxpayers have the right to retain an authorized representative of their choice to represent them when they are dealing with the IRS. They also have the right to seek assistance from a Low Income Taxpayer Clinic if they cannot afford representation.

This Audit Techniques Guide (¡°ATG¡±) sets forth the Research Credit Technical Advisors¡¯ suggested guidelines for auditing research credit issues.

The procedures for compensating yourself for your efforts in carrying on a trade or business will depend on the type of business structure you elected.

Each year, thousands of nonresident aliens are gainfully employed in the United States. Thousands more own rental property or earn interest and/or dividends from U.S. investments. This article discusses the tax filing requirements for nonresident aliens.

IR-2023-100, May 10, 2023 ¡ª In recognition of National Hurricane Preparedness Week and National Wildfire Awareness month, the Internal Revenue Service is reminding taxpayers to protect important tax and financial information as part of a complete emergency preparedness plan.

Under authority of the Internal Revenue Code, the property described here has been seized or acquired for nonpayment of internal revenue taxes and will be sold.

Information about Form 8027, Employer's Annual Information Return of Tip Income and Allocated Tips, including recent updates, related forms, and instructions on how to file. Employers use Form 8027 to annually report to the IRS receipts and tips from their large food or beverage establishments and to determine allocated tips for tipped employees.