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The Inflation Reduction Act (IRA) provided $10 billion in funding for the Qualifying Advanced Energy Project Credit Allocation Program under section 48C(e). These frequently asked questions provide details related to the eligibility and application of the credit.

The Helpline provides access to information and answers to questions about how to comply with the Bank Secrecy Act, and other technical Title 31 issues. The number is toll-free inside the U.S., and a separate non-toll free number is available for filers outside the U.S.

FS-2023-25, Nov. 2023 ¡ª Following a dramatically improved 2023 Filing Season thanks to Inflation Reduction Act (IRA) investments, the U.S. Department of the Treasury (Treasury) and Internal Revenue Service (IRS) announced additional improvements taxpayers will experience next Filing Season.?

Tax Tip 2023-72, May 25, 2023 ¡ª Good news for small business owners ¡ª improvements to IRS phone service and online options are coming as a result of the Inflation Reduction Act. These customer service upgrades will make it easier and more convenient to file online and respond to notices.

Information about Form 940, Employer's Annual Federal Unemployment (FUTA) Tax Return, including recent updates, related forms and instructions on how to file. Form 940 (or Form 940-EZ) is used by employers to file annual Federal Unemployment Tax Act (FUTA) tax.

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 Inflation Reduction Act of 2022 allows for increased credit amounts if certain requirements pertaining to energy communities are satisfied. These frequently asked questions provide detail on how areas may qualify as an energy community, how to determine whether a project is located in an energy community and brownfield sites for purposes of the Energy Community Bonus Credit.

Sept. 25, 2023 ¡ª Pursuant to the requirements of the Balanced Budget and Emergency Deficit Control Act of 1985, as amended, refund payments issued to, and credit elect and refund offset transactions for certain small tax-exempt employers claiming the refundable portion of the Small Business Health Care Tax Credit under Internal Revenue Code Section 45R, are subject to sequestration.

FS-2024-05, Feb. 2024 ¡ª Section 22007 of the Inflation Reduction Act of 2022 (IRA) provides financial assistance for farmers, ranchers, and forest landowners who experienced discrimination by the United States Department of Agriculture (USDA) in USDA farm lending prior to 2021. To implement Section 22007 of the IRA, USDA created the USDA Discrimination Financial Assistance Program (Program).

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 credit elect and refund offset transactions for certain small tax-exempt employers claiming the refundable portion of the Small Business Health Care Tax Credit under Internal Revenue Code Section 45R, are subject to sequestration.