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Tax Tip 2024-73, Aug. 27, 2024 ¡ª The heavy highway vehicle use tax is an annual federal excise tax on heavy highway motor vehicles that operate on public highways. The deadline to file and pay this tax for 2024 is Sept. 3.

Those entities that must or choose to participate in the electronic filing program for Forms 720-TO and 720-CS must follow the LOA process detailed in Section III, Application and Participation, in IRS?Publication 3536, Motor Fuel Excise Tax EDI Guide.

For tax years beginning after December 31, 2006, the Small Business and Work Opportunity Tax Act of 2007 (Public Law 110-28) provides that a "qualified joint venture", whose only members are a married couple filing a joint return, can elect not to be treated as a partnership for Federal tax purposes.

The IDES enrollment process may differ based on the Intergovernmental Agreement . You need to get a digital certificate from an IRS approved certificate authority before you can enroll. Digital certificates binds digital information to physical identities and provide non-repudiation and data integrity. IDES stores your public key and related digital certificate.

Tax Tip 2022-104, July 11, 2022 ¡ª Business travel can be costly. Hotel bills, airfare or train tickets, cab fare, public transportation ¨C it can all add up fast. The good news is business travelers may be able off-set some of those cost by claiming business travel deductions when they file their taxes.

IRS Tax Tip 2022-124, August 15, 2022 ¡ª The heavy highway vehicle use tax is a federal excise tax. These taxes are used to pay for highway and mass transit projects. It is annual tax on heavy highway motor vehicles operating on public highways with a taxable gross weight of 55,000 pounds or more. The deadline to file and this tax is Wednesday, August 31, 2022.

The Inflation Reduction Act of 2022 established a stock repurchase excise tax under section 4501 equal to 1% of the fair market value (FMV) of stock repurchased during the tax year by certain publicly traded corporations or their specified affiliates, effective for repurchases occurring after 2022. Use Form 7208, Excise Tax on Repurchase of Corporate Stock, to figure the excise tax on stock repurchases.

IR-2023-19, Feb. 6, 2023 ¡ª The Treasury Department and Internal Revenue Service today issued Notice 2023-13, which contains a proposed revenue procedure that would establish the Service Industry Tip Compliance Agreement (SITCA) program, a voluntary tip reporting program between the IRS and employers in various service industries. The IRS is issuing this guidance in proposed form to provide an opportunity for public comment.

The research papers on this page present aggregate estimates of the tax credits and deductions gap¡ªthe amount of credits and deductions for which taxpayers are eligible but did not claim, irrespective of whether those taxpayers filed tax returns¡ªthe IRS focused on a subset of fully or partially refundable credits for individuals. Papers in this series generally do not undergo the extensive review and editorial process accorded official IRS publications. Instead, these working papers are intended to make results of research available to others and to encourage discussion on a variety of topics. As a result, papers may be occasionally revised or updated.

Informational posters, guides and toolkits to help people understand the new Inflations Reduction Act of 2022 tax credits.