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IR-2024-310, Dec. 12, 2024 ¡ª The Internal Revenue Service today provided the regular quarterly update to the Strategic Operating Plan, outlining key milestones in criminal investigations, improvements to taxpayer services and advancements in digital modernization that have transformed agency operations while protecting billions of taxpayer dollars.

An introduction to the incidental and tenuous exception to self-dealing under Treas. Reg. 53.4941(d)-2(f)(2).

Form 1116 ¡ª Certain income re-sourced by treaty - YouTube video text script

Issued guidance regarding proposed procedural changes. Notices also request public comment with respect to the administration of the tax laws. The provided materials relate specifically to tax-exempt bonds.

Tax-Exempt and Government Entities Newsletter

Monthly news release archive for March 2025

Like any Section 501(c)(4) social welfare organization, a homeowners¡¯ association described under Section 501(c)(4) is required to be operated exclusively for the promotion of social welfare by primarily promoting the common good and general welfare of the people of the community. Homeowners associations by their very nature benefit certain individuals, typically their members. Weighing whether benefits flow primarily to the general public rather than certain individuals is an essential part of determining whether a homeowners¡¯ association qualifies for exemption as an IRC Section 501(c)(4) social welfare organization.

"The Truth About Frivolous Tax Arguments" addresses frivolous tax arguments in general. This document was updated March 2022.

Operational Compliance List

ABCs of Foreign Tax credit for individuals - YouTube video text script