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Tax Tip 2023-94, July 25, 2023 ¡ª Elective pay allows applicable entities, including tax-exempt and governmental entities that would otherwise be unable to claim certain credits because they do not owe federal income tax, to benefit from some clean energy tax credits. By choosing this election, the amount of the credit is treated as a payment of tax and any overpayment will result in a refund.

Information about Form 8957, Foreign Account Tax Compliance Act (FATCA) Registration, including recent updates, related forms and instructions on how to file. Form 8957 is the paper registration for foreign financial institutions or Direct Reporting non-financial foreign entities under Chapter 4 of the Internal Revenue Code.

Find answers to commonly asked questions about employer shared responsibility provisions under the Affordable Care Act (ACA).

FS-2024-29, Aug. 2024 ¡ª The Internal Revenue Service reminds businesses that starting in tax year 2023 changes under the SECURE 2.0 Act may affect the amounts they need to report on their Forms W-2.

Special Issues for Employers ¡ª Interaction of the American Rescue Plan Act of 2021 Tax Credits with Other Tax Credits FAQs about Tax Credits for Paid Leave Under the American Rescue Plan Act of 2021

Church Plans, Automatic Contribution Arrangements, and the Protecting Americans from Tax Hikes Act of 2015 (PATH Act)

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.

obÌåÓý do IRS criteria for recognizing credit counseling organizations as exempt differ from the certification requirements under the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005?

Information about Form 2032, Contract Coverage Under Title II of the Social Security Act, including recent updates, related forms and instructions on how to file. Form 2032 is used by American employees to extend Social Security coverage to U.S. citizens and resident aliens employed by their foreign affiliates.

This issue snapshot addresses questions concerning whether an Indian tribe¡¯s decision to enter into a 218A agreement and elect social security coverage for its tribal council members, or not enter such an agreement, affects the classification of those workers for other purposes of the Internal Revenue Code (IRC) such as income tax and retirement plan participation.