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1120x TY2025v1.0 release memo

Some types of penalties are eligible for penalty relief, including the penalties for failure to file or pay on time, or for the failure to deposit certain business taxes as required. You may qualify for relief from penalties if you made an effort to comply with the requirements of the law, but, due to circumstances beyond your control, were unable to meet your tax obligations.

Publication 3415, ETA Advisory Committee Annual Report to Congress, includes recommendations for Congressional consideration, IRS electronic filing and IRS security.

Publication 4756, Foreign Student and Scholar Volunteer Tax Return Preparation, is used by SPEC Relationship Managers as an outreach tool to assist foreign students and scholars with the preparation of their income tax returns. This presentation gives an overview of the determination of residency status, application of treaty benefits and other federal tax issues commonly faced by foreign nationals.

Publication 4757, Individual Taxpayer Identification Number (ITIN), is used by SPEC Relationship Managers as an outreach tool to provide information to partners about individual taxpayer identification numbers (ITINs).

Insights into the employment tax credits (Indian Employment, Work Opportunity, Welfare-to-Work, and Empowerment Zone Employment) available to those doing business with or employing Native Americans, and special depreciation rules for qualified property used on reservations.

The Work Opportunity Tax Credit (WOTC) provides a business tax credit to certain employers who hire workers from certain targeted groups. The WOTC is generally claimed as a credit against income tax.

Insights into the types of credits available to entities that do business with and/or employ Native Americans.

Get the latest news and research official federal tax guidance.

Find tax information for federal, state and local governments, tribal governments and the tax exempt bond community.